Project A requires an original investment of S65,000. The project will yield cash flows of $15,000 per year for seven years. Project B has a calculated net present value of $5,500 over a five year life. Project A could be sold at the end of five years for a price of $30,000. (a) Using the proper table below determine the net present value of Project A over a five-year life with salvage value assuming a minimum rate of return of 12%. (b) Which project provides the greatest net present value? Below is a table for the present value of $1 at compound interest. 10% 909 6% 12% .893 797 .712 .636 567 Year .943 .890 840 792 .747 .826 .751 3. .683 4 .621 Below is a table for the present value of an annuity of S1 at compound interest. O Tune here to search .192 .003 .747 .621 .567 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% .943 1.833 2.673 3.465 4.212 10% 12% .893 1.690 2.402 3.037 3.605 909 1.736 2.487 3.170 3 4 3.791