Becker Inc. uses discounted payback period for projects under $25,000 and has a cut off period of four years for these small-value projects. Two projects, R and S, are under consideration. The anticipated cash flows are listed in the following table. If Becker uses a 16% discount rate? Project R Project S Cash Flow Initial cost Cash flow year 1 Cash flow year 2 Cash flow year 3 Cash flow year 4 $24,000 6,000 8,000 10,000 12,000 $18,000 9,000 6,000 6,000 3,000