Consider the cash flows for two proposed capital budgeting projects given below. The cost of capital is 12% for both projects. Year 0 1 2 3 4 Project A -20,000 8,000 8,000 6,000 8,000 Project B -9,000 4,000 5,000 4,000 3,000 Calculate the NPVs for Project A and B Calculate the IRRs for Project A and B Calculate the Paybacks for Project A and B Calculate the crossover rate. When the cost of capital is 7%, which project should you choose? When the cost of capital is 15%, which project should you choose?