project b: new telecom chip project entry into this industry will require introduction of a new chip for cell phones. the know-how will require a large amount of up-front capital, but success of the project will lead to large cash flows later on. year project a project b 0 −$ 735,000 −$ 943,000 1 346,000 261,000 2 364,000 369,000 3 258,000 366,000 4 183,000 419,000 5 126,000 504,000