need my work checked over and help on part D which is the second picture shown. show formuals, thanks.

Paste Format Painter BI U - - a. Av Merge & Center $ % 9 Clipboard Font Alignment Number B32 fr =C10-310 D E H 3 4 Intial Outlay 5 Annaual Net Cash Flow 6 RRR both projects Project A ($203,000) $55,000 9.00% Project B ($315,000) $66,000 9.00% 5 8 9 Year 10 11 12 13 14 15 16 17 18 19 20 21 22 28 24 25 26 27 28 29 30 31 32 7 Project A 0 ($203.000) $50,459 2 $46,292 3 $42,470 4 $38,963 $35,746 6 $32,795 $30,087 8 $27.603 9 $25,324 10 $23.233 11 $21,314 12 $19,554 13 $17,940 14 $16,459 15 $15.100 16 $13,853 17 $12,709 18 $11,660 19 $10.697 20 $9,814 NPV $299,070 Difference L. $112.000 Answer P1 P2 P2d 2. (40 pts) The King Corporation has two alternative projects for producing and marketing video game. Project A requires an initial outlay of $203,000 and will generate annual cash flows of $55,000 for 20-years. Project B requires an initial outlay of $315,000, but will generate annual cash flows of $66,000 for 20 years. It is estimated that both projects have no salvage value at the end of year 20. Firm's RRR is 9% and the annual cash flows on both projects are already include depreciation and taxes each year. Using the given information, answer the following questions. a. Find the NPV of project A. b. Find the NPV of project B. c. What is the difference of two NPVs? d. If two projects have same NPV (that is, the difference of two NPVs is zero), what is the Firm's RRR? Copy and paste your whole answers from the sheet "P2" to the sheet "P2d" and work on the sheet "P2d". Project B ($315,000) $60.550 $55,551 $50,964 $46.756 $42,895 $39,354 $36,104 $33,123 $30,388 $27,879 $25,577 $23,465 $21.528 $19,750 $18.120 $16,623 $15.251 $13,992 $12,836 $11,776 $287.484 ($112.000 Times New Roman 12 Paste In Copy Format Painter BI UBE a. A Clipboard Font Alignme E18 D 1 Problem 2d Project B 2 3 Project A 4 Intial Outlay 5 Annaual Net Cash Flow 6 RRR both projects 7 8 9 Year 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 Project A Project B 0 ($112.000) 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 NPV Difference + 36 37 38 pad