Slope of the NPV profile for Project 1 when compared to the slope of the NPV profile for Project 2 is most likely: A. equal. B. flatter. C. steeper

An analyst is developing net present value (NPV) profiles for two investment projects. The only difference between the two projects is that Project1 is expected to receive larger cash flows early in the life of the project, while Project2 is expected to receive larger cash flows late in the life of the project. The slope of the NPV profile for Project1 when compared to the slope of the NPV profile for Project2 is most likely: A. equal. B. flatter. C. steeper.