1. A company with a cost of capital of 15% is choosing between the projects A and B. The cash flows for the corresponding projects are given below:

   year	A	B
   0	-50,000	-30,000
   1	15,000	5,000
   2	15,000	6,000
   3	10,000	15,000
   4	15,000	3,000
   5	20,000	5,000
   6	15,000	10,000
   7	17,000	15,000
   8	12,000	12,000
   9	10,000	5,000
   10	10,000	5,000

   a. What is the NPV of each project?

b. Based on the above calculations please decide which project is better?