You recently went to work for Yoshikawa Components Company, a supplier of auto repair parts used in the after-market with products from Nissan, Honda, Subaru, and other automakers. Your boss, the chief financial officer (CFO), has just handed you the estimated cash flows for two proposed projects. Project L involves adding a new item to the firm's ignition system line; it would take some time to build up the market for this product, so the cash inflows would increase over time. Project S involves an add on to an existing line, and its cash flows would decrease over time. Both projects have 3-year lives because Yoshikawa is planning to introduce entirely new models after 3 years.