Gardial Fisheries is considering two mutually exclusive investments. The projects' expected net cash flows are as follows:

a$.$ If each project's cost of capital is $12\%,$ which project should be selected? If the cost of capital is $18\%,$ what project is the

proper choice?

At a cost of capital of $12\%,$ Project A should be selected. However, if the cost of capital rises to $18\%,$ then the choice is reversed,

and Project B should be accepted.