Project A requires an original investment of $$68,500.$ The project will yield cash flows of $$19,800$ per year for $4$ years. Project $B$ has a computed net present

value of $$4,960$ over a $4-$year life. Project A could be sold at the end of $4$ years for a price of $$20,000.$

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?