A Firm Is Considering Two Projects with the Following Cash

A firm is considering two projects with the following cash flows: $\begin{array}{rrr} & \text { Project A } & \text { Project B } \\\text { Year 1 } & £ 40,000 & £ 140,000 \\\text { Year 2 } & 60,000 & 60,000 \\\text { Year 3 } & 140,000 & 40,000\end{array}$ Each project requires an investment of £120,000. Which project will have the higher net present value?

A) Project A
B) Project B
C) Project A and Project B will have the same net present value.
D) The question cannot be answered from the information provided.