a Company is evaluating two mutually exclusive investments, the net cash flows of

which are given below:years

$0-40\mathrm{.}000-40\mathrm{.}000$

$112\mathrm{.}0000$

$212\mathrm{.}0000$

$312\mathrm{.}0000$

$412\mathrm{.}0000$

$512\mathrm{.}00070\mathrm{.}000$

Using the Net Present Value $($NPV$)$ method evaluate the above

investments. Assume the discount rate is $10\%.$ If the cash flow in the second investment

which pertains to the $5$th

year takes place one year earlier, i$.$e$.$ on the $4$th

year, how it will be affected

your decision? Justify your answer.