​​​ Top Shelf Bakers Ltd. are considering two mutually exclusive investment projects with expected cash flows as given below: Year 0 1 2 3 4 5 Project A ($,000) -6,250 2,250 2,000 1,750 1,500 1,250 Project B ($,000) -7,000 3,750 3,500 3,250 15 marks Project A is an expansion of an existing product line and is considered to have the same level of risk as other projects at Top Shelf Bakers. Project B is an expansion into a new market and is considered much riskier than other Projects at Top Shelf. Other companies operating in this new market have a typical â = 1.6 Top Shelf's current required rate of return = 8.0% pa. The current market rate = Rm = 12.3% pa; The current risk-free rate is = Rf = 2.5% pa;