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Project A requires an original investment of $49,900. The project will yield cash fiows of $13,800 per year for 7 years. Project B has a

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Project A requires an original investment of $49,900. The project will yield cash fiows of $13,800 per year for 7 years. Project B has a computed net present value of $2,630 over a 4-year life. Projoct A could be sold at the end of 4 years for a price of $17,600. Below is a table for the present value of $1 at compound interest. Below is a table for the present value of an annuity of $1 at compound interest. Use the tables above. a. Using the tables above, determine the net present value of Project A over a 4 -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. x

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