Project A requires an original investment of 555,600. The project will yield cash flows of $16,000 per year for 4 years. Project B has a computed net present value of $2,060 over a 4-year life. Project A could be sold at the end of 4 years for a price of $14,700. Following is a table for the present value of $1 at compound interest: Year 6% 10% 12% 1 0.909 2 0.943 0.890 0.840 0.792 0.747 0.826 0.751 0.893 0.797 0.712 3 4 0.683 0.636 0.567 5 0.621 Following is a table for the present value of an annuity of $1 at compound interest: 6% 10% 12% Year 1 0.943 0.909 2 1.736 0.893 1.690 2.402 1.833 2.673 3.465 3 2.487 4 3.037 3.170 3.791 5 4.212 3.605 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? Project A