rockett Graphic Designs Inc, is considering two mutually exclusive projects, Both projects require an initial after-tax investment of $12,000 and are pical averagevisk projects for the firm. Project A has an expected life of 2 years with after-tax cash inflows of $8,000 and $8,000 at the end of Years 1 ACC is 14%. respectively. Project 8 has an expected life of 4 years with after-tax cash inflows of $4,000 at the end of each of the next 4 years. The firm's a. If the projects cannot be repeated, which project should be selected if Crockett uses NPV as its criterion for project selection? Project should be selected. b. Assume that the projects can be repeated and that there are no anticipated changes in the cash flows. Use the replacernent chain analysis to determine the NPV of the project selected. Do not round intermediate calculations. Round your answer to the nearest cent. Since Project s s extended NPV=$ c. Make th , it should be selected over Project with an NPV=$ Project. should be selected