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Janina, Incorporated, has the following mutually exclusive projects. Year Project A Project B 0 $ 19,000 $ 22,000 1 11,500 12,500 2 8,000 9,000 3

Janina, Incorporated, has the following mutually exclusive projects.

Year Project A Project B
0 $ 19,000 $ 22,000
1 11,500 12,500
2 8,000 9,000
3 2,800 8,000

a-1.

Calculate the payback period for each project. (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.)

b-1.

What is the NPV for each project if the appropriate discount rate is 15 percent?

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