Initial investments : $1000

4) (20 points) Which of the following mutually exclusive projects would you select, if both require an initial investment of $1,xxx , where xxx is the last three digits of your student number, and the discount rate is 15%; Project A with three annual cash flows of $1,000 (years 1-3), or Project B, with three years of zero cash flow followed by three years of $1,500 (years 4-6) annually? Show your work