#3	CBS has a project with the following cash flows:
	Year	0	1	2	3	4	5
	Cash Flows	$ (32,190.00)	$ 8,510.00	$ 10,290.00	$ 14,820.00	$ 16,330.00	$ 11,420.00
	The required return is 9.70%
	What is the NPV of the CBS Project?
	a	NPV =	$14,959.58
	b	NPV =	$6,620.43
	c	NPV =	$13,808.85
	d	NPV =	$15,781.54
		The Required Return =
		Period	Cash Flows	PVIF	PV
#4	Project Gamma has the following cash flows:
	Year	0	1	2	3	4
	Cash Flows	$ (32,870.00)	$ 12,960.00	$ 14,470.00	$ 20,570.00	$ 11,780.00
	The required return is 9.20%
	What is the NPV of Project Gamma?
	a	NPV =	$16,440.65
	b	NPV =	$14,153.40
	c	NPV =	$15,440.07
	d	NPV =	$7,155.79
	The Requied Return =
	Period	Cash Flows	PVIF	PV