The problem provides the initial investments and cash flows for two mutually exclusive projects, Project A and Project B. Project A has an initial investment of $21,000 and annual cash flows of $8,000 for four years. Project B has an initial investment of $26,000 and annual cash flows of $9,000 for four years. The problem requires further calculations that are not specified in the image. Because the problem has no clear question, further calculations are not possible.

1. Problem Description

The problem provides the initial investments and cash flows for two mutually exclusive projects, Project A and Project B. Project A has an initial investment of $21,000 and annual cash flows of$8,000 for four years. Project B has an initial investment of $26,000 and annual cash flows of$9,000 for four years. The problem requires further calculations that are not specified in the image. Because the problem has no clear question, further calculations are not possible.

2. Solution Steps

Since the actual question is not provided, it is impossible to give detailed solution steps.

For example, we would need a required rate of return to calculate the NPV and make an informed decision.

3. Final Answer

The problem is not solvable because the question is missing. We are only given the cash flows for two projects.