Moulton Industries has two potential projects for the coming year, Project B-12 and Project F-4. If the firm is assuming a 10% discount rate, which project has a higher NPV? Cash Flow Project B-12...

Cash Flow

Project B-12

Project F-4

Year 0

-$4,250,000

-$3,800,000

Year 1

   $2,000,000

$              0

Year 2

  $2,000,000

$1,000,000

Year 3

  $2,000,000

$1,500,000

Year 4

$              0

$2,000,000

Year 5

$              0

$2,500,000