Consider the timing of the profits of the following certaininvestment projects:P

Consider the timing of the profits of the following certaininvestment projects:ProfitLSYear 1$0 $ 3000Year 2 $3000$ 0a. Project S is preferred to Project L.b. Project L is preferred to Project S.c. Projects S and L are equally desirable.d. A goal of profit maximization would favorProject S only.