(Mutually exclusive projects and NPV)You have been assigned the task of evaluating two mutually exclusive projects with the following projected cash flows:

Year Project A Cash Flow Project B Cash Flow

0 $(110,000) $(110,000)

1 $35,000 $0

2 $35,000 $0

3 $35,000 $0

4 $35,000 $0

5 $35,000 $240,000

If the appropriate discount rate on these projects is 9 percent, which would be chosen and why?

The NPV of Project A is ____ (Round to the nearest cent.)