Help on homework!, Full solution please! The answers in the boxes are wrong.

Problem 8-3 IRR/NPV (LO1) The following are the cash flows of two projects: Year Project A Project B 0- 220 100 100 100 100 -220 120 120 120 a. Calculate the NPV for both projects if the opportunity cost of capital is 16%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Project NPV $ 59.82 49.51 b. Suppose that you can choose only one of these projects. Which would you choose