Problem-solving: Capital Budgeting (LO#3) Fitch Industries is in the process of choosing among five equal-risk, independent capital expenditure projects. The relevant cash flows for each project are shown in the following table. The firm's cost of capital is 8% 10 Project A Project B Initial investment (65000) (162000) Year 1 32000 2 Cash inflows 19000 22000 RAP Initial investment Year 1 2 3 5 (65000) Project B (162000) 32000 32000 32000 32000 32000 Cash inflows 19000 22000 12000 14000 29000 X ENG 9:32 AM 4/29/2022 (1 5 9 7 10 14000 29000 8000 20000 8000 8000 8000 32000 32000 32000 32000 32000 32000 32000 9