4. Capital Budgeting: This question has five parts. Here you have to find Net Present Value (NPV) for the two projects. (Show all work.) (15 points)

	Expected Net Cash Flows
Year	Project A	Project B
0	($5,000)	($5,000)
1	$700	$750
2	$1,000	$1,250
3	$3,250	$3,000
4	$3,500	$3,250

______ 4a. If the opportunity cost of capital is 10%, what is the NPV of Project A (round to the nearest penny)?

______ 4b. If the opportunity cost of capital is 10%, what is the NPV of Project A (round to the nearest penny)?

4c. If you have a choice between Project A and Project B, which one would you choose and why?