Let us assume Project A has cash flows of −$2,000, +$200, +$3,700 and Project B has cash flows of −$2,000, +$2,000 and +$1,480. The two projects differ only in the timing of the cash inflows; their initial outlays and overall lives are similar. Both have a required rate of return of 9% per annum. Which project should be chosen and why?Show your work.