Solve the following questions Q1) Red Sea Company is considering investing in one of the following two projects: Year Annual Cash Inflows Project A $ 2,000 3,000 3,000 1.000 S 9,000 Project B $ 4,000 2,000 2,000 1.000 $ 9,000 Total Required: 1) Compute the present value of each project's cash inflows assuming the company's required rate of return is 12%. 2) What is the maximum amount Redmond should be willing to pay for each project? 3) Suppose each project costs $7,000. Which project(s) should be accepted? Note that only one project can be accepted