Which project(s) should a firm choose when the projects are independent? When they are mutually exclusive? Suppose both are within the capital budget and k is 15 percent for both projects.

Project A: CF₀ = $1750; CF₁ = $850; CF₂ = $3850; CF₃ = $1350 Project B: CF₀ = $1750; CF₁ = $850; CF₂ = $850; CF₃ = $4250

Both projects; project A

Neither project; neither project

Both projects; project B

Project B; project B