Project A requires an original investment of $$57,400.$ The project will yield cash flows of $$16,200$ per year for $4$ years. Project B has a computed net present value of $$2,500$

over a $4-$year life. Project A could be sold at the end of $4$ years for $$16,600.$

Following is a table for the present value of $$1$ at compound interest:

Following is a table for the present value of an annuity of $$1$ at compound interest:

Use the tables above.

a$.$ 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.

$

b$.$ Which project provides the greatest net present value?