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Emusk Inc. is evaluating two mutually exclusive projects. The required rate of return on these projects is 8%. Calculate the net present value for project

Emusk Inc. is evaluating two mutually exclusive projects. The required rate of return on these projects is 8%. Calculate the net present value for project B. (Round to 2 decimals)

Year Project A Project B
0 -7,000,000 -4,000,000
1 2,000,000 1,200,000
2 2,000,000 1,200,000
3 2,000,000 1,200,000
4 2,000,000 1,200,000
5 2,000,000 1,200,000

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