Problem $8-31$ Mutually Exclusive Investments $($LO$5)$

Here are the cash$-$flow forecasts for two mutually exclusive projects:

$\backslash$table$[[,$Cash Flow,$],[\backslash$table$[[$Year$],[0]],\backslash$table$[[\backslash$table$[[$Project A$],[-100]]]],\backslash$table$[[\backslash$table$[[$Project B$],[-100]]]]],[1,30,49],[2,50,49],[3,70,49]]$

a$-1.$ What is the NPV of each project if the opportunity cost of capital is $2\%?$

Note: Do not round intermediate calculations. Round your answers to $2$ decimal places.

a$-2.$ Which project would you choose?

b$-1.$ What is the NPV of each project if the opportunity cost of capital is $12\%?$

Note: Do not round intermediate calculations. Round your answers to $2$ decimal places.

b$-2.$ Which would you choose?

$\backslash$table$[[,$Project A$,$Project B$],[$a$-1.$ NPV of each project if the opportunity cost of capital is $2\%,,],[$a$-2.$ Which project would you choose?,,$],[$b$-1.$ NPV of each project if the opportunity cost of capital is $12\%,,],[$b$-2.$ Which would you choose?,,$]]$