El-Tahrir Company is making an investment decision in January 2019 between two projects:

Project A costs LE 150,000 and will produce a fixed cash-inflow of LE 25,000 every year for the next 10 years.

Project B will require an upfront investment today of LE200, 000 and will produce regular annual cash-inflows that grow at a rate of 2% every year till infinity with the first cash-inflow at the end of 2019 amounting to CF1=LE20, 000.

Using the Net Present Value Approach for project evaluation, evaluate which project is a better investment if the firm has a cost of capital of 10%.