Maple Tree Industries has $265,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives follows Project A Project B Cost of equipment required $265,000 Working capital investment required $265,000 Annual Cash inflow $55,650 $42,400 Residue value of equipment in 8 years $21,200 Life of the project 8 years 8 years The working capital needed for project B will be released at the end of eight years for investment elsewhere. Canada Fair Market interest rate is 13% Required: Which Investment option would you recommend the company to accept? Please show separate calculations and formulas for each project using the NPV method. (Please show me in your answers which of the formula you use for your calculation and no financial calculator or Excel calculation sheet to be used)