Please include formulas and calculations. Thanks

Consider the following cash flows on two mutually exclusive projects: Year 0 1 2 3 Project A -$ 32,000 17,000 12,000 12,000 Project B -$ 54,000 9,000 25,000 32,000 Cash flows of project A are expressed in real terms, while those of project B are expressed in nominal terms. The appropriate nominal discount rate is 10.4 percent, and inflation is 2 percent. a. Calculate the NPV for each project? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round the answers to 2 decimal places. Omit $ sign in your response.) NPV $ Project A Project B $ b. Which project should you choose? O Project A O Project B O None