9. The Friedman inc. has developed the following cash flows for two projects: Year Cash Flow A Cash Flow B 0 -10,000 -10,000 1 500 5000 2 500 6000 3 8,000 500 4 5,000 500 Calculate the NPV and the IRR for the projects. The discount rate is 9% If the projects are independent projects would you accept them? SOLUTION