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Arya Co. is considering the following two independent projects. The cash flows for project A are expressed in nominal terms, while project B's are expressed

Arya Co. is considering the following two independent projects. The cash flows for project A are expressed in nominal terms, while project B's are expressed in real terms. The appropriate nominal discount rate is 10%, and the inflation rate is 5%. Using the exact Fisher equation, calculate the NPV of project A. (Round to 2 decimals)

Year Project A Project B
0 -160,000 -105,000
1 60,000 35,000
2 60,000 35,000
3 50,000 35,000
4 50,000 35,000
5 50,000 35,000

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