Britney Javelin Company is considering two investments, both of which cost $28,000. The cash flows are as follows: Use Appendix B and Appendix D. Year 1 2 3 Project A Project B a. Calculate the payback period for project A and project B. (Round the final answers to 2 decimal places.) Payback period years years Project A Project B Project A $11,000 15,000 10,000 b-1. Calculate the NPV for project A and project B. Assume a cost of capital of 9 percent. (Round "PV Factor" to 3 decimal places. Round the intermediate and final answers to the nearest whole dollar.) Project B $12,000 14,900 6,000 Project B Project A b-2. Which of the two projects should be chosen based on the NPV method? Net present value $ $

Britney Javelin Company is considering two investments, both of which cost $28,000. The cash flows are as follows: Use Appendix 8 and Appendix. a. Calculate the payback period for project A and project B, (Round the final answers to 2 decimal places.) b-1. Calculate the NPV for project A and project B. Assume a cost of capital of 9 percent. (Round "PV Factor" to 3 decimal places. Round the intermediate and final answers to the nearest whole dollar.) b-2. Which of the two projects should be chosen based on the NPV method? Project B Project A