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A corporation is in the process of choosing the better of two equal-risk, mutually exclusive investment projects - project A, and project B. The relevant

A corporation is in the process of choosing the better of two equal-risk, mutually exclusive investment projects - project A, and project B. The relevant cash flows for each project are shown in the following table. The corporations cost of capital for similar projects is 15%.

Year Project A Project B
0 -29,000 -27,000
1 10,000 11,000
2 10,000 10,000
3 10,000 9,000
4 10,000 8,000

(b). Calculate the net present value for each project

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