Consider two mutually exclusive projects project a lasts 3


Consider two mutually exclusive projects. Project A lasts 3 years and has the following cash flow: Year 0 -$23,000; Year 1 $11,000; Year 2 $18,000; Year 3 $12,000. Project B lasts 2 years and has the following cash flow: Year 0 -$23,000; Year 1 $16,000; Year 2 $23,000. Assume both projects can be repeated with the identical cash flows indefinitely. The interest rate is 16.5%. Provide the annual equivalent worth for the project that you should select. If neither project should be selected, enter 0.

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Financial Management: Consider two mutually exclusive projects project a lasts 3
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