Suppose that you have $16,000 to invest and you are trying to decide between investing in project A or project B. If you invest in project A, you witl recefve a payment of $19,000 at the end of 3 years. If you invest in project B, you will recelve a payment of $48,000 at the end of 21 years. The annual interest rate is 5 percent and both projects carry no risk: Instructions: Round your answers to the nearest dollar. Do not round your intermediate calculations. a What is the present value of each project? Enter your answers in the table below. b. Which project will you choose for your investment? Project A Project B