Problem 8-15 Capital Budgeting with Inflation Consider the following cash flows on two mutually exclusive projects: Year Project A Project B -$53,000 33,000 28,000 23,000 -$68,000 32,000 41,000 44,000 2 The 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 12 percent and the inflation rate is 2 percent. Calculate the NPV for each project. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g. 32.16.) NPV Project A Project B