A project has an NPV of $5,000. The life is 20 years and the required rate of return is 20%. The Fair Value of an Infinite Series of this project is:

A.

$1,026.78

B.

$25,000.

C.

$205.36

D.

$5,133.89

Two project are mutually exclusive, have different risk, and different lives. Both have positive NPV and can be replicated. Choose the project with:

	A.	greater Fair Value
	B.	greater ICO
	C.	greater Equivalent Annuity
	D.	greater NPV