Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from its investments. (FV of $1, PV of $1, FVA of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)

	Project A					Project B
Initial investment		$	(160,000	)			$	(105,000	)
Expected net cash flows in year:
1			40,000					32,000
2			56,000					50,000
3			80,295					66,000
4			90,400					72,000
5			65,000					24,000

1(a)	For each alternative project compute the net present value