Project A requires an original Investment of $40,000. The project will yield cash flows of $13,600 per year for seven years. Project has a calculated net present value of $2,850 over a four-year life. Project Acould be sold at the end of four years for a price of $15,400, Below is a table for the present value of $1 at Compound interest. Year 6% 12% 10% 0.909 1 0.943 0.893 2 0.890 0.826 0.797 0.712 3 0.840 0.751 4 0.792 0.683 0.636 0.567 5 0.747 0.621 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 10% 12% 0.943 1 0.893 0.909 1.736 1.833 2 1.690 2.673 3 2.487 2.402 3.037 4 3.465 3.170 3.791 3.605 5 4.212 Use the tables above (a) Using the present value tables above, determine the net present value of Project A over a four-year life with salvage value assuming a minimum rate of return of 12%. Round your answer to two decimal places. Enter negative values as negative numbers. (b) Which project provides the greatest net present value Previous Next > Submit Assement for Grading