AMBC {Pty Ltd) is considering investing in one of three potential projects. The details of the three projects being considered are summarised below: Year Project A Project B Project C 0 (R 38 000) (R 78 000) (R 25 000) t R11000 R42200 R11000 2 R11000 R18000 R4000 3 R11000 R18000 R2000 4 R12 000 R17 000 R1000 Present value factors based on 10 % cost of capital forthe duration: Year 1 = 0.909 Year 2 = 0.826 Year 3 = 0.751 Year 4 = 0.683