In order to satisfy a sharp increase in demand because of the end of the pandemic, QAN is evaluating investing in a major upgrade of its airplanes. QAN has already identified two strategies they may follow in doing their upgrades; these strategies will be called Project A and Project B. In order to mitigate risk, QAN has asked Rachel Consulting Limited to conduct some market research. Rachel Consulting is being paid $2m as a fixed fee for its consulting services. Project A has an initial outlay of $800 million and Project B has an initial outlay of $650 million. Project A will generate additional revenues of $250 million starting at the end of year 1 until the end of year 10. It will also incur additional working capital expenses of $100 million immediately, this working capital will be recovered at the end of the project. Project B will generate additional revenues of $200 million starting at the end of year 1 until the end of year 10. It will also incur additional working capital expenses of $120 million immediately, this working capital will be recovered at the end of the project. The operating costs of both projects will be 35% of the revenue from years 1 to 10. Both projects will be depreciated on a straight-line basis over ten years to zero book value. QAN has estimated that some assets involved in the upgrades can be sold at the end of year 10 respectively for $125 million (Project A) and $100 million (Project B). The tax rate is 30%. All cash flows are annual and are received at the end of the year. The cost of capital for both projects is 7%. What is the NPV for each project