you are considering two independent project's project A and Project B. The initial cash outlay associated with project A is $50,000, and the initial cash outlay associated with project B is $70,000. The required rate of return on both projects is 12 percent. The expected annual free cash inflows from each projects are as follows: Project A initial outlay -$50,000, inflow year 1= 12,000, Inflow year 2= 12,000, inflow year 3= 12,000, inflow year 4= 12,000, inflow year 5= 12,000, inflow year 6= 12,000. Project B initial outlay -$70,000, inflow year 1 = 13,000, inflow year = 13,000, inflow year 3= 13,000, inflow year 4= 13,000, inflow year 5= 13,000, inflow year 6= 13,000