You work for the 3T company, which expects to earn at least 15 percent on its investments

 You work for the 3T company, which expects to earn at least 15 percent on its investments. You have to choose between two similar projects. The following tables shows the cash information for each project Which of the two projects would you fund if the decision is based only on financial information? Why? Project 1 3 Year Benefits (S) Costs (5) 0 1 0 0 240,000 135,000 2 3 4 5 6 7 120,000 200,000 220,000 205,000 200,000 150,000 0 40,000 0 40,000 0 40,000 Project 2 Year Benefits (S) Costs (5) 0 1 2 3 4. 5 6 7 0 50,000 160,000 260,000 270,000 210.000 190,000 150,000 320,000 110,000 0 60,000 0 60,000 0 60,000 Solution: Project 1: 0 1 N 3 Year Discount Factor Discounted Benefits Discounted Costs Cash Flow Commutative Cash Flow Net Present Value $ $ Return On Investment % Internal Rate of Return % Payback Period years Project 2: