You have the option of choosing between the following two projects. a. Initial investment $700K, annual income $400K b. Initial investment $ 1,600K, annual income

You have the option of choosing between the following two projects.\na. Initial investment $700K, annual income $400K\nb. Initial investment $ 1,600K, annual income $600K\nThe life of project a is five years and that of project b is ten years. If you have a MARR of 30%, which\none of the projects should you accept?