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Piercy, LLC, has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$69,000 -$69,000 1 45,000 31,100 2. 39,000

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Piercy, LLC, has identified the following two mutually exclusive projects: Year Cash Flow (A) Cash Flow (B) 0 -$69,000 -$69,000 1 45,000 31,100 2. 39,000 35,100 3 25,500 41,000 4 15,800 24,100 b-1. Assume the required return is 15 percent. What is the NPV for each of these projects? (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

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