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Project A and Project B have the following cash flows. And, they have same positive discount rate. Year 1 Project A Cash Flow $9,000 $9,500

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Project A and Project B have the following cash flows. And, they have same positive discount rate. Year 1 Project A Cash Flow $9,000 $9,500 $11,000 $11,500 Project B Cash Flow $11,500 $11,000 $9,500 $9,000 2 3 4 Which of the following statements is true? Project B has a higher present value than Project A. Project A has both a higher present and a higher future value than Project B. Both projects have the same value at Time 0. Both projects are ordinary annuities. Both projects have the same future value at the end of Year 4

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