Chichester Company Is Considering Investing in the Following Two Mutually $\quad$

Chichester Company is considering investing in the following two mutually exclusive projects:
$\quad$ $\quad$ $\quad$ $\quad$$\text { Annual Cash Inflows }$
$\begin{array}{|c|c|c|}\hline \text{ Year} & \text{ Project A } & \text{ Project B } \\\hline 1 & \$ 5,000 & \$ 3,500 \\\hline 2 & 4,000 & 3,500 \\\hline 3 & 3,000 & 3,500 \\\hline 4 & 2,000 & 3,500 \\\hline \text{ Total} & \$ 14,000 & \$ 14,000 \\\hline\end{array}$
(PV of $1 and PVA of $1)(Use appropriate factor(s)from the tables provided.)
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?