Project A requires an original investment of $$59,700.$ The project will yield cash flows of $$17,000$ per year for $4$ years. Project $B$ has a computed net present value of $$2,660$ 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.

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