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at the end of 4 years for $ 1 6 , 7 0 0 . Following is a table for the present value of $

at the end of 4 years for $16,700.
Following is a table for the present value of $1 at compound interest:
\table[[Year,6%,10%,12%],[1,0.943,0.909,0.893],[2,0.890,0.826,0.797],[3,0.840,0.751,0.712],[4,0.792,0.683,0.636],[5,0.747,0.621,0.567]]
Following is a table for the present value of an annuity of $1 at compound interest:
\table[[Year,6%,10%,12%],[1,0.943,0.909,0.893],[2,1.833,1.736,1.690],[3,2.673,2.487,2.402],[4,3.465,3.170,3.037],[5,4.212,3.791,3.605]]
Use the tables above.
a. Determine the net present value of Project A over a 4-year life with salvage value assuming a minimum rate of return of 12%. Round your answer to two decimal places.
b. Which project provides the greatest net present value?
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