HALEY GRAPHIC DESIGN IS CONSIDERING TWO ALTERNATIVE PROJECTS. BOTH PROJECTS HAVE INITIAL CASH OUTLAYS OF $10,000. PROJECT A HAS AN EXPECTED LIFE OF TWO YEARS WITH AFTER TAX CASH INFLOWS OF $6,000 AND $8,000 AT THE END OF 1 AND 2 YEARS RESPECTIVELY. PROJECT B HAS AN EXPECTED LIFE OF 4 YEARS WITH AFTER TAX CASH INFLOWS OF $4000 AT THE END OF EACH OF THE NEXT 4 YEARS. THE FIRMS COST OF CAPITAL IS 10%. USING REPLACEMENT CHAIN WHICH PROJECT WOULD YOU PICK?