Net present valueIndependent projects Using a 14% cost of capital, calculate the net present value for each of the independent projects shown in the following table, and indicate whether each is acceptable. Project A Project B Project C Project D Project E Initial investment (CF) $26,000 $500,000 $170,000 $950,000 $80,000 Year (1) 1 2 3 4 $4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 4,000 Cash inflows (CF) $100,000 $20,000 $230,000 120,000 19,000 230,000 140,000 18,000 230,000 160,000 17,000 230,000 180,000 16,000 230,000 200,000 15,000 230,000 14,000 230,000 13,000 230,000 12,000 11,000 $ 0 0 0 20,000 30,000 0 50,000 60,000 70,000 6 7 8 9 10