Two projects each require a current cash expenditure of 10,000. Project A will generatecash inflows of2,000 per year for the next twelve years. Project B is expected to return6,000 in 1 year,4,000 at the end of year 2, and 3,000 in 3 years. Which project shouldbe selected if funds are unavailable to finance both and discount rate is 6%?? Project A because it has a higher NPV.? Project A because it has a higher IRR.? Project B because it has a shorter payback period.? Project B because it has a h
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