QUESTION 1 Consider the following after-tax cash flows for two mutually-exclusive projects. (Note: number in red are negative) Project A -9,750,000 Assume an 18.25% p.a. discount rate applies to all projects Required a. Calculate the NPV for each project to 2 decimal places. (6 marks) b. Which project will you accept? Why? (1 mark) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Year 0 1 2 3 4 5 2,500,000 2,750,000 3,850,000 5,600,000 6,545,000 Project B -5,050,000 1,000,000 2,100,000 2,650,000 3,385,000 3,975,000 7 points Save