(NPV, PI, and IRR calculations) You are considering two independent projects, project A and project B. The initial cash outlay associated with project A is $55,000, and the initial cash outlay associated with project B is $75,000. The required rate of return on both projects is 9 percent. The expected annual free cash inflows from each project are in the popup window: Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted.

a. What is the NPV of project A? Data table (Round to the nearest cent.) (Click on the following icon in order to copy its contents into a spreadsheet.)