Britney Javelin Company is considering two investments, both of which cost $46,000. The cash flows are as follows: Use Appendix B and Appendix D.

Year	Project A			Project B
1		$24,000			$19,000
2		19,000			23,000
3		16,000			20,000

a. Calculate the payback period for project A and project B. (Round the final answers to 2 decimal places.)

	Payback period
Project A	years
Project B	years

b-1. Calculate the NPV for project A and project B. Assume a cost of capital of 8 percent. (Round "PV Factor" to 3 decimal places. Round the intermediate and final answers to the nearest whole dollar.)

	Net present value
Project A	$
Project B	$

b-2. Which of the two projects should be chosen based on the NPV method?

multiple choice 1

Project A

Project B

Both