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$2\mathrm{.}4$ points

Exercise $14-7($Algo$)$ Net Present Value Analysis of Two Alternatives $[$LO$14-2]$

Perit Industries has $$155,000$ to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are:

The working capital needed for project $B$ will be released at the end of six years for investment elsewhere. Perit Industries' discount rate is $15\%.$

Click here to view Exhibit $14$B$-1$ and Exhibit $14$B$-2,$ to determine the appropriate discount factor$($s$)$ using tables.

Required:

Compute the net present value of Project A$.($Enter negative values with a minus sign. Round your final answer to the nearest whole dollar amount.$)$

Compute the net present value of Project B$.($Enter negative values with a minus sign. Round your final answer to the nearest whole dollar amount.$)$

Which investment alternative $($if either$)$ would you recommend that the company accept?

$\backslash$table$[[*$ Answer is complete but not entirely correct$],[1.$ Net present value project $A,67,582o.$