5. Consider the cash flow timing of the two following investments (S and L) :

Project S

Year 1 Year 2

$10000 $0

Project L

Year 1 Year 2

$ 0 $10000

A. Project S is preferred to Project L.

B. Project L is preferred to Project S.

C. Projects S and L are equally desirable.

D. A goal of profit maximization would favor Project S only.