B.) A snack company is currently analyzing three different snacks that will be produced soon. Expected Cash Flow After Tax (CFAT) per Year ($) Year Z 2031 20000 40000 2032 20000 36000 5000 2033 20000 32000 10000 2034 20000 28000 15000 2035 20000 24000 20000 2036 20000 20090 25000 2037 20000 16000 30000 2038 20000 1 2000 35000 2039 20000 8000 40000 2040 20000 4000 45000 PV of cash flow at 10% Investment outlay 120000 120000 100000 1. Find the PV of expected cash flow after tax for the snack "X" 2. Calculate the minimum certainty equivalent adjustment factor for the cash flow after tax of each snack that would justify investment in each snack. 3. Assume that the snack company is risk taker and making decision by using the certainty equivalent method. Will the snack "/" be favored by consumers than the snack "Y" and snack "X" or it will be less favorable? Please explain your