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(Ignore income taxes in this problem.) Consider the following three investment opportunities: Project I would require an immediate cash outlay of $10,000 and would result

(Ignore income taxes in this problem.) Consider the following three investment opportunities: Project I would require an immediate cash outlay of $10,000 and would result in cash savings of $3,000 each year for 5 years. Project II would require cash outlays of $3,000 per year and would provide a cash inflow of $30,000 at the end of 5 years. Project III would require a cash outlay of $10,000 now and would provide a cash inflow of $30,000 at the end of 5 years. Required: The discount rate is 14%. Use the net present value method to determine which, if any, of the three projects is acceptable

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