Sharp Company has $15,000 to invest. The company is trying to decide between two alternative uses of the funds as follows: Invest in Project A Invest in Project B Investment required $ 15,000 $ 15,000 Annual cash inflows $ 4,000 $ 0 Single cash inflow at the end of 10 years $ 60,000 Life of the project 10 years 10 years -------------------------------------------------------------------------------- Sharp Company uses a 16% discount rate. (Ignore income taxes.) (refer to attached tables) Required: a. Determine the net present value. (Negative amounts should be indicated by a minus sign. Round discount factor(s) to 3 decimal places, intermediate and final answers to the nearest dollar amount. Omit the "$" sign in your response.) Net Present Value Project A $ Project B $ -------------------------------------------------------------------------------- b. Which investment would you recommend that the company accept? Project A Project B