1. As a financial manager of XYZ Company (cost of capital = 9%), you are evaluating two mutually exclusive projects. Which project would you choose? Project A with cash flows -156,000 at year 0, zero in years 1, 2, & 3, and 231,938 at year 4. Or, Project B with cash flows -156,000 at year 0, 50,000 in years 1, 2, & 3, and 75,000 at year 4.

   		Project A
   		Project B
   		Both Projects
   		Neither Project