Fuji Software, Inc., has the following mutually exclusive projects.

Year		Project A		Project B
0	$	25,000	$	28,000
1		14,500		15,500
2		11,000		12,000
3		3,400		11,000

a-1.	Calculate the payback period for each project. (Round your answers to 3 decimal places. (e.g., 32.161))

	Payback period
Project A	years
Project B	years

a-2.

Which, if either, of these projects should be chosen?

	Project A
	Project B
	Both projects
	Neither project

b-1.	What is the NPV for each project if the appropriate discount rate is 17 percent? (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16))

	NPV
Project A	$
Project B	$

b-2.

Which, if either, of these projects should be chosen if the appropriate discount rate is 17 percent?

	Project A
	Project B
	Both projects
	Neither project