Novell, inc. has the following mutually exclusive projects.

Year	Project A	Project B
0	26,000	29,000
1	15,000	16,000
2	11,500	10,000
3	3,500	11,500

a.1 calculate the payback period for each project.

Project A ________ Years

Project B_________ Years

What is the NPV for each project if the appropriate discount rate is 13 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.)