Select the correct answer for the question.1. The government-wide financial statements use thea. Economic resources measurement focus and the accrual basis of accounting. b. Current financial resources measurement focus and the accrual basis of accounting. c. Economic resources measurement focus and the modified accrual basis of accounting. d. Current financial resources measurement focus and the modified accrual basis of accounting.

Lambert manufacturing has $100,000 to invest in either project a or project b. the following data are available on these projects (ignore income taxes.): project a project b cost of equipment needed now $100,000 $60,000 working capital investment needed now - $40,000 annual cash operating inflows $40,000 $35,000 salvage value of equipment in 6 years $10,000 - both projects will have a useful life of 6 years and the total cost approach to net present value analysis. at the end of 6 years, the working capital investment will be released for use elsewhere. lambert's required rate of return is 14%. the net present value of project b is: