You are a senior manager at Poeing Aircraft and have been authorized to spend up to $500,000 for projects. The three projects you are considering have the following characteristics: Project A. initial investment of $295,000. Cash flow of $190,000 at year 1 and $170,000 at year 2. This is a plant expansion project, where the required rate of return is 12 percent. Project B. Initial investment of $405,000. Cash flow of $270,000 at year 1 and $240,000 at year 2. This is a new product development project, where the required rate of return is 24 percent. Project C. Initial investment of $240,000. Cash flow of $160,000 at year 1 and $190,000 at year 2. This is a market expansion project, where the required rate of return is 17 percent. Assume the corporate discount rate is 12 percent. Offer your recommendations, backed by your analysis