A company must choose between two investments. Investment C requires an immediate outlay of $61,000 and then, in two years, another investment of $41,000. Investment D requires annual investments of $26,000 at the beginning of each of the first four years. C would return annual profits of $21,500 for 10 years beginning with the first year. D's profits would not start until Year 4 but would be $40,500 in Years 4 to 10 inclusive. The residual values after 10 years are estimated to be $41,000 for C and $31,000 for D. a. Which investment should the company choose if its cost of capital is 7% ? b. How much more is the preferred project worth today? (Do not round intermediate calculations and round your final answer to the nearest whole dollar.) The preferred project is worth $ more today