Each of the following scenarios is independent. Assume that all cash flows are after-tax cash flows. associated with the project are as follows: c. Suppose that a project has an ARR of 30% (based on initial investrnent) and that the average net income of the project is $220,000. d. Suppose that a project has an ARR of 50% and that the investment is $175,000. 1. Compute the ARR on the new equipment that Cobre Company is considering. Round your answer to one decimal place. XY one project should be preferred aver the other. Based on the ARR, Emily Hansen chosen Project A, 3. How much did the company in Scenario c invest in the project? Round your answer to the nearest whole dollar. 4. What is the averoge net income earned by the project in Scenario d