Investment A : This investment requires an immediate outlay of $70,000 and another investment of $40,000 in year 3 . The investment will return annual profits of $45,000 from year 2 to year 8 . At the end of year 8 , the investment has a residual value of $20,000. Investment B : This investment requires an immediate outlay of $30,000 and additional investments of $20,000 per year from year 1 to year 3 . The investment will return annual profits of $28,000 from year 4 to year 8 . At the end of year 8 , the investment has a residual value of $15,000. The cost of capital is 8%. a. Calculate the NPV for investment A. Round to the nearest cent b. Calculate the NPV for investment B. c. Which investment should the company choose? Investment A Investment B Niether