A firm is evaluating two mutually exclusive projects that have unequallves. The form must evaluate the projects using the annualized net present value approach and recommend which project they should lect. The firm's cost of capital has been determined to be 12 percent and the projects have the following initial Investments and cash flow Project R Projects Initial investment: $50,000 $60,000 Cash Inflows 1 25,000 30,000 2 25,000 55,000 3 20,000 4 20,000