Chichester Company Is Considering Investing in the Following Two Mutually

Chichester Company is considering investing in the following two mutually exclusive projects: $\begin{array}{c}\quad \quad \quad \quad \text { Annual Cash Inflows }\\\begin{array}{lll}\text {Year}\\1\\2\\3\\4\\\text {Total}\\\end{array}\begin{array}{c}\text { Project A }\\\hline\$5,000 \\4,000 \\3,000 \\2,000 \\\hline \$ 14,000 \\\hline\end{array}\quad \quad \begin{array}{c}\text { Project B }\\\hline \$ 3,500 \\3,500 \\3,500 \\3,500 \\\hline \$14,000 \\\hline\end{array}\end{array}$ Required:
1)Which project is more desirable strictly in terms of cash inflows? Why?
2)Compute the present value of each project's cash inflows assuming the company's required rate of return is 10%.
3)What is the maximum amount Chichester should be willing to pay for each project?
4)Suppose each project costs $10,000.Which project(s)should be accepted?