Given two municipal projects with the following information, select the best project based on the benefit-cost criterion.

Project A: outlay is $400,000, costs is $50,000, revenue is $85,000, interest is 8%, salvage is $0, and the term is 15 years.

Project B: outlay is $300,000, costs is $80,000, revenue is $85,000, interest is 8%, salvage is $0, and the term is 15 years.

*** Work must be shown i.e. do not use Excel.