Green Bank is considering opening a new branch. Project A would involve opening a new branch in Penticton, and Project B would involve opening a new branch in Osoyoos. Project A $(1,500,000) Project B $(1,000,000) (200,000) (350,000) Initial cash outlay Upgrades required in year 3 Future cash inflows: Year 1 Year 2 Year 3 Year 4 Year 5 $ 500,000 $ 400,000 500,000 500,000 500,000 500,000 900,000 900,000 The company's cost of capital is 5%, which is an appropriate discount rate. Required: a) Compute the net present value of each project and conclude on which project should be selected. (7 marks) The company's cost of capital is 5%, which is an appropriate discount rate. Required: a) Compute the net present value of each project and conclude on which project should be selected. (7 marks) b) Assume Green Bank has limited funds to invest and is considering two projects, both with positive net present values. Using the profitability index, rank the order of preference for these investments