Following is information on two alternative investments being considered by Jolee Company. The company requires a 6% return from its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

	Project A					Project B
Initial investment		$	(185,325	)			$	(154,960	)
Expected net cash flows in:
Year 1			49,000					43,000
Year 2			56,000					56,000
Year 3			86,295					64,000
Year 4			81,400					71,000
Year 5			64,000					22,000

a. For each alternative project compute the net present value.

For each alternative project compute the net present value.

Project A
Initial Investment		$185,325
Chart Values are Based on:
i =		%
Year	Cash Inflow	x	PV Factor	=	Present Value
1				=
2				=
3				=
4				=
5				=
Project B
Initial Investment		$154,960
Year	Cash Inflow	x	PV Factor	=	Present Value
1				=
2				=
3				=
4				=
5				=