A.

Compute the NPV for Project M if the appropriate cost of capital is 8 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.)

Project M
Time:	0	1	2	3	4	5
Cash flow:	$1,900	$530	$660	$700	$780	$280

B.

Compute the NPV statistic for Project Y if the appropriate cost of capital is 12 percent. (Negative amount should be indicated by a minus sign. Do not round intermediate calculations and round your final answer to 2 decimal places.)

Project Y
Time:	0	1	2	3	4
Cash flow:	$8,900	$3,530	$4,360	$1,700	$480