8. Company x is a software development company that ha to choose one out of four available investment projects. All projects have immediate costs nd future realized returns as well as maintenance costs over the four subsequent years. R ed dollar returns from each project are represented by the following table: Project B Immediate $ -1,000 -1,200 -1,100 -1,300 $ Year 1 1,200 900; -100 1,000; -100 1,100; -100 $ Year 2 850; -150 1,100; -150 1,000; -100 1,200; -100 $ Year 3 800; -50 1,100; -50 1,000 1,100; -150 $ Year 4 900; -50 1,100 1,100; -50 1,200; -50 D Assume that the ongoing market interest rate it i=11% a. Calculate the total net return for each individual project. Show your work. Which project should the company choose? Why? (4 points) b. Assume that company x does not have its own funds to front the initial costs of each individual project. In fact, the company has to get a 4-year loan in the loanable funds market to substantiate the initial investment. The interest at which the company borrows is still 11%. Calculate the Net Profit from each individual project, assuming that the only amount that affects the Net Return is the interest that the company has to pay back on each individual project's loan. Show your work. Which project will the company select now? (3 points)