Exercise# 2 Risk and refinements in Capital Budgeting Ch. (12) Year 0 1 2 3 4 5 6 Q1) Based on the annual net present value approach, which company is better off if R = 10%? Project (A) $ (95000) $30,000 $32,000 $41,000 NV - 10,477 PMT - 4213 Project (B) $(110,000) $26,000 $31,000 $26,000 $20,000 $12,000 $10,000 NPV = -14,458 PHT-3319 02 0