Just need Part B answered.

X-treme Vitamin Company is considering two investments, both of which cost $18,000. The cash flows are as follows:

Year	Project A	Project B
1	$ 20,000	$ 18,000
2	8,000	7,000
3	7,000	12,000

UseAppendixB for an approximate answer but calculate your final answer using the formula and financial calculator methods.

a-1. Calculate the payback period for Project A and Project B.

Note: Round your answers to 2 decimal places.

A.

Project A	0.90	year
Project B	1.00	year

B. Calculate the net present value for Project A and Project B. Assume a cost of capital of 8 percent.

Note: Do not round intermediate calculations and round your final answers to 2 decimal places.

Project A	$
Project B	$