Maxwell Software, Inc., 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.)

Payback period

Project A

years

Project B

years

______________________________

a-2.

Which, if either, of these projects should be chosen?

Project A

Project B

Both projects

Neither project

b-1.	What is the NPV for each project if the appropriate discount rate is 15 percent? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

	NPV
Project A	$
Project B	$