Consider the timing of the profits of the following certaininvestmentprojects:Pr

Consider the timing of the profits of the following certaininvestmentprojects: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 equallydesirable.d. A goal of profit maximization wouldfavor Project S only.