QUESTION 1. [Maximum word count: 500] Aqua Plc is a high-technology, UK-based company. In the beginning of January 2020, Aqua's Chief Executive Officer (CEO) considered to choose one of the two mutually exclusive investment projects which will start in May 2020. The new projects will be equity-financing and have the following cash flows: Project Cash flow in Cash flow in Cash flow in year 3 year 1 year 2 Initial investment in year 0 -22,000 -22,000 B +9,000 0 +9,000 0 +9,000 +28,000 a) Assuming you are the Chief Financial Officer (CFO) of Aqua Plc, at what interest rate (e. discount rate) would you prefer project B to A? Write down the detailed reasoning that supports your choice and recommendation to the CEO. Draw tables and charts where applicable. [10 marks]