inai esthmates are in cr m as follows: 9. The second capital budgeting decision which Lili and Brent were asked to analyze involves choosing between two mutually exclusive projects, S and L, whose cash flows are set forth Expected Net Cash Flow Year Project S ($100,000) 60,000 60,000 Project L (S100,000) 33,500 33,500 33,500 33,500 4 innu Both of these projects are in Indian River's main line of business, orange juice, and thei investment which is chosen is expected to be repeated indefinitely into the future. Also, each project is of average risk, hence each is assigned the 10 percent corporate cost of capital. a. What is each project's single-cycle NPV? Now apply the replacement chain approach and then repeat the analysis using the equivalent annual annuity approach. Which project should be chosen, S or L? Why? b. Now assume that the cost to replicate Project S in 2 years is estimated to be S105,000 because of inflationary pressures. Similar investment cost increases will occur for both projects in Year 4 and beyond. How would this affect the analysis? Which project should be chosen under this assumption