Risk classes and RADR Moses Manufacturing is attempting to select the best of three mutually exclusive projects, X. Y, and Z. Although all the projects have 5-year lives, they possess differing degrees of risk. Project X is the most risky; Project Y is in the least risky; and Project Z is in between. The basic cash flow data for each project and the risk-adjusted discount rates (RADRs) used by the firm are shown in the following table a. Find the risk-adjusted NPV for each project. b. Which project, if any, would you recommend that the firm undertake? a. The net present value for project X is $. (Round to the nearest cent.) \begin{tabular}{cccc} & Project X & Project Y & Project Z \\ \cline { 2 - 4 } RADR & 22.8% & 13.8% & 16.0% \\ Initial investment (CF0) & $184,000 & $235,000 & $314,000 \\ \hline Year (t) & \multicolumn{3}{|c}{ Cash inflows ( CF t)} \\ \hline 1 & $80,000 & $53,000 & $85,000 \\ 2 & 65,000 & 61,000 & 85,000 \\ 3 & 58,000 & 75,000 & 85,000 \\ 4 & 58,000 & 87,000 & 85,000 \\ 5 & 64,000 & 92,000 & 85,000 \end{tabular}