ABC company would like to decide which one of two projects should select. Both projects have the same start-up costs, Project I will produce annual cash flows of $52,000 a year for 6 years Project 2 will produce semiannual cash flows of $20,000 a year for 8 years. The company requires a 15 percent rate of return 1- Explain the importance of the time value of money (2 Marks) 2. Which project should the company choose and why? ( Marks) TTTT Paragraph Artal 312 EST