Find the Net Present Value (NPV) of the following two projects or investments assuming 8% cost of capital or borrowing cost:

Year	Cash Flow for Project A	Cash Flow for Project B
0	-$1,000,000	-$1,000,000
1	830,000	130,000
2	230,000	170,000
3	295,000	1,090,000

Hint: You may use Excel or a Future Value Table or Present Value Table, which you can obtain it through the Google Search by writing either FV table or PV table.

I think the answers are:

Proj A

830,000/1.08= 768,518.52

230,000/1.17= 196,581.20

295,000/1.26= 234,126.98

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1,199,226.70

-1,000,000.00

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Ans* = NPV=199,226.70

Proj B

130,000/1.08= 120,370.37

170,000/1.17= 145,299.15

1,090,000/1.26= 865,079.37

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1,130,748.89

-1,000,000

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Ans* NPV=130,748.89