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Haas Trucking Company founded in 1985 provides safe and dependable freight services. Haas has $220,000 to invest in one of the two projects listed

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Haas Trucking Company founded in 1985 provides safe and dependable freight services. Haas has $220,000 to invest in one of the two projects listed below. Cost of equipment required Working capital investment required Annual cash inflows Life of the project Project A Project B $220,000 $ $ 0 $220,000 $ 31,000 Salvage value of equipment in six years $ 9,200 6 years $ 53,000 $ 0 6 years The working capital needed for project B will be released at the end of six years for investment elsewhere. The company's discount rate is 15%. Click here to view Exhibit 12B-1 and Exhibit 12B-2, to determine the appropriate discount factor(s) using tables. Required: 1. Compute the net present value of Project A. (Enter negative value with a minus sign. Round your final answer to the nearest whole dollar amount.) 2. Compute the net present value of Project B. (Enter negative value with a minus sign. Round your final answer to the nearest whole dollar amount.) 3. Which investment alternative (if either) would you recommend that the company accept? 1. Net present value project A 2. Net present value project B 3. Which investment alternative (if either) would you recommend that the company accept?

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