A company needs to decide if it will move forward with two new products that it is evaluating.The two initiatives have the following cash flow projections:

Project A

1. Year: 0 Cash Flow: -800,000
2. Year: 1 Cash Flow: 220,000
3. Year: 2 Cash Flow: 265,000
4. Year: 3 Cash Flow: 292,000
5. Year: 4 Cash Flow: 317,000

Project B

1. Year: 0 Cash Flow: -650,000
2. Year: 1 Cash Flow: 175,000
3. Year: 2 Cash Flow: 175,000
4. Year: 3 Cash Flow: 175,000
5. Year: 4 Cash Flow: 175,000
6. Year: 5 Cash Flow: 175,000

Based on the risk of each project, the company has a required rate of return of 11% for Project A and 11.5% for Project B.The company has a $1.5 million budget to spend on new projects for the year.Should the company move forward with one, both, or neither of the two new products?Show your work to support your answer.