Cash flows for projects F and G are given below.

	Cash Flows, ($)
Project	C0				C1				C2				C3				C4				C5
F			10,100			+	7,100			+	6,100			+	5,100				0				0
G			10,100			+	2,020			+	2,020			+	2,020			+	2,020			+	2,020

The cost of capital for projects of this type is 11%. Assume that the forecasted cash flows are overstated and should be 7% lower than those provided by the project analyst. But a lazy financial manager, unwilling to take the time to argue with the projects sponsors, instructs them to use a discount rate of 18%. Assume the year 5 cash flow is a perpetuity.

a. What are the projects true NPVs? (Do not round intermediate calculations. Round your answers to 2 decimal places.

	NPV
Project F	$
Project G	$

b. What are the NPVs at the 18% discount rate? (Do not round intermediate calculations. Round your answers to 2 decimal places.

	NPV
Project F	$
Project G	$