You are considering the following two mutually exclusive projects. Both projects will be depreciated using straight-line depreciation to a zero book value over the life of the project. Neither project has any salvage value.

rrajacra Project 'fear Cash Flaw i'ear cash Flaw -S?.tm 0 $5.000 1 $31.!Jti 1 $15,001] 2 53?,titi 2 $10,000 3 $44,000 3 $90,000 Required rate at return 12 percent 14 percent Required payback period 15 years 2.5 years Required accounting return 1D percent 11 percent