Martinez Company has hired a consultant to propose a way to increase the companys revenues. The consultant has evaluated two mutually exclusive projects with the following information provided for each:

	Project Turtle	Project Snake
Capital Investment	$1,150,000	$670,000
Annual Cass Flows	$189,00	$114,000
Estimated Useful Life	10 yrs	10 yrs

Martinez Company uses a discount rate of 9% to evaluate both projects.

(a) Calculate the net present value of both projects. (Use the above table.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to 0 decimal places, e.g. 5,275.)

	Project Turtle	Project Snake
Net Preset Value	$	$