Dwight Donovan, the president of Walton Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $106,000 and for Project B are $41,000. The annual expected cash inflows are $35,444 for Project A and $11,374 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Walton Enterprises cost of capital is 6 percent. (PV of $1 and PVA of $1)

Compute the net present value of each project rounded to two decimal places.