Project A requires an original investment of $52,300. The project will yield cash flows of $15,000 per year for 7 years. Project B has a computed net present value of $2,420 over a 4-year life. Project A could be sold at the end of 4 years for a price of $14,100.

Below is a table for the present value of $1 at compound interest.

Year	6%	10%	12%
1	0.943	0.909	0.893
2	0.890	0.826	0.797
3	0.840	0.751	0.712
4	0.792	0.683	0.636
5	0.747	0.621	0.567

Below is a table for the present value of an annuity of $1 at compound interest.

Year	6%	10%	12%
1	0.943	0.909	0.893
2	1.833	1.736	1.690
3	2.673	2.487	2.402
4	3.465	3.170	3.037
5	4.212	3.791	3.605

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. $fill in the blank 1

b. Which project provides the greatest net present value?

Project AProject B