Cori's Sausage Corporation is trying to choose between the following two mutually exclusive design projects:

Year	Cash Flow (I)				Cash Flow (II)
0	$	51,000			$	25,800
1		25,000				13,500
2		25,000				13,500
3		25,000				13,500

b-1.	What is the NPV for each project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	NPV
Project I
Project II

*Required rate of return is 12%, the profitability index for Project 1 was 1.177, and the profitability index for Project 2 was 1.257.