Polycorp is investigating two projects. The risk free rate is 6%pa and the market premium is 6%pa. Project A has a beta of .75 and Project B has a beta of 1.6 andprojects A and B are independent.If accepted the projects will initially be funded by borrowing at 7%pa. The relevant net cash flows for each project are below.Calculate the NPV of project B to the nearest dollar. The firm's existing current weighted average cost of capital is 11% pa (before taking either or both A and B). Assume no taxes.