Novell, Inc., Has the following mutually exclusive project

Year Project A Project B

0 $20,000 $23,000

1 12,000 13,000

2 8,500 9,500

3 2,900 8,500

a.1. Calculate the payback period for each period ( do not round intermediate calculations and round your answers to decimal places)

Project A		Years
Project B		Years

a.2 If the company's payback period is two years, which, if either, of these projects, should be chosen?

b.1. What is the NPV for each project if the appropriate discount rate is 16 percent? ( A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places.

Project A		show calculation
Project B		show calculation