Project A requires an original investment of $51,100. The project will yield cash flows of $14,600 per year for seven years. Project B has a calculated net present value of $3,040 over a four year life. Project A could be sold at the end of four years for a price of $14,900 Below is a table for the present value of $1 at Compound interest 10% 0.909 0.826 0.751 0.683 0.621 Below is a table for the present value of an annuity of $1 at compound interest 6% 0.943 0.890 0.840 0.792 0.747 Year 12% 0.893 0.797 0.712 0.636 0.567 4 12% 0.893 1.690 2.402 3.037 3.605 Year 690 0.943 1.833 2.673 3.465 4.212 1090 0.909 1.736 2.487 3.170 3.791 2 4 (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 (b) Which project provides the greatest net present value