b$-1.$

What is the NPV for each project if the appropriate discount rate is $16$ percent? $($A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to $2$ decimal places, e$.$g$.,32\mathrm{.}16.)$

b$-2.$

Which, if either, of these projects should be chosen if the appropriate discount rate is $16$ percent?

Janina, Incorporated, has the following mutually exclusive projects.

Year Project A Project B

$0$$ $35,000$$ $38,000$

$119,50020,500$

$216,00014,500$

$34,40016,000$ multiple choice $2$

Project A

Project B

Both projects

Neither project