A firm is considering two projects with the following cash flows and internal rates of return. If the firm's MARR is 15%, should it select project A, project B, or neither? It cannot select both the projects. Project A Year 0: -12 Year 1: 0 Year 2: 16 Project B Year 0: X Year 1: 0 Year 2: 12 The IRR for Project A is 12.32% and that of Project B is 16.83%.

What is the net present worth of the preferred project?