Maxwell Software, Inc., has the following mutually exclusive projects.

Year	Project A	Project B
0	$25,000	$28,000
1	14,500	15,500
2	11,000	12,000
3	3,400	11,000

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 17 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	$

b-2.	Which, if either, of these projects should be chosen if the appropriate discount rate is 17 percent?
Project A Project B Both projects Neither project