Consider the following cash flows on two mutually exclusive projects: Year 1 2 3 Project A -$48.eee 22, eee 17, eee 17,000 Project B -$ 61.000 2e, eee 25,000 25,400 Cash flows of project A are expressed in real terms, while those of project B are expressed in nominal terms. The appropriate nominal discount rate is 9.1 percent, and inflation is 3.6 percent. a. Calculate the NPV for each project? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round the answers to 2 decimal places. Omit $ sign in your response.) NPY Project A Project B b. Which project should you choose? Project A O Project B None Next > 5 of 8 :