You are considering two investment projects. Project A has an initial cost of $15,000 and is expected to generate cash flows of $6,000 per year for three years. Project B has an initial cost of $10,000 and is expected to generate cash flows of $3,500 per year for four years. If the discount rate is 8%, which project should you choose based on their Net Present Values (NPVs)?
Project A
Project B
Both projects have the same NPV
Neither project is acceptable