Two projects have the same initial cost. Project A has estimated cash flows of $1,000, $2,000, $3,000, $4,000 at the end of years 1 to 4 respectively. Project B has estimated cash flows of $4,000, $3,000, $2,000, $1,000 at the end of years 1 to 4 respectively. Which project will have the greater NPV assuming a positive discount rate? Select one: a. The NPV will be the same for both Project A and Project B b. Project B c. Project A d. Cannot determine from the information given.
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