Calculator has a calculated net present value of Project A requires an original investment of $55,400. The project will yield cash flows of $15,600 per year for seven years. Project $4,150 over a four year life. Project A could be sold at the end of four years for a price of $18,100 Below is a table for the present value of $1 at Compound interest Year 10% 12% 6% 0.943 0.893 0.890 0.840 0.792 0.909 0.826 0.751 0.683 0.621 0.797 0.712 0.636 0.567 0.747 Below is a table for the present value of an annuity of $1 at compound interest 6% 10% 12% 0.893 0.943 0.909 1833 1.736 1 590 2.487 2.402 2.673 3.465 4.212 3.170 3.037 3.791 3.505 (a) Using the present value tables above, determine the net present value of Project A over a four-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? Previous Next > Email Instructor Save and Exit Submit Test for Grading All work saved