Table 4:

Project	Year 0	Year 1	Year 2	Year 3	Year 4	Year 5
	Cash Flow	Cash Flow	Cash Flow	Cash Flow	Cash Flow	Cash Flow
A	-12500	12000	5000	5000	5000	5000
B	-17500	7000	7000	7000	7000	7000
C	-18000	19000	1000	1000	1000	1000

Part 1: Consider the cash flow of the three projects depicted in Table 4. The cost of capital is 15%. The net present value (NPV) of project A is ________.

Part 2: Consider the cash flow of the three projects depicted in Table 4. The cost of capital is 15%. If an investor decided to take projects with a payback period of 1 year or less, which of these projects would he take?

Please show work!!!