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Perit Industries has $100,000 to invest in one of the following two projects: Project A Project B Cost of equipment required $ 100,000 $ 0

Perit Industries has $100,000 to invest in one of the following two projects: Project A Project B Cost of equipment required $ 100,000 $ 0 Working capital investment required $ 0 $ 100,000 Annual cash inflows $ 21,000 $ 16,000 Salvage value of equipment in six years $ 8,000 $ 0 Life of the project 6 years 6 years The working capital needed for project B will be released at the end of six years for investment elsewhere. Perit Industries discount rate is 14%. Click here to view Exhibit 14B-1 and Exhibit 14B-2, to determine the appropriate discount factor(s) using tables. Required: Compute the net present value of Project A. Note: Enter negative values with a minus sign. Round your final

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