Sand Ltd requires 9% pa required rate of return. The company is considering two mutually exclusive projects, Project A and Project B. Following are the expected after tax cash flows of each project:: Year Cash Flow of A ($) Cash Flow of B ($) 0 -50,000 -50,000 1 25,000 16,500 2 20,000 21,000 3 15,000 23,600 Calculate the Net Present Values (NPV) of Project A and B (show all calculations and show answers correct to two decimal places) and explain which project the company should choose.