Consider the following two mutually exclusive projects:
Year
0
1
2
3
4
Cash Flow (A)
-$221,314
28,400
52,000
53,000
397,000
Cash Flow (B)
-$15,790
5,377
8,370
13,336
8,793
Whichever project you choose, if any, you require a 6 percent return on your investment.