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The Bartram-Pulley Company (BPC) must decide between two mutually exclusive investment projects. Each project costs $7,000 and has an expected life of 3 years. Annual

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The Bartram-Pulley Company (BPC) must decide between two mutually exclusive investment projects. Each project costs $7,000 and has an expected life of 3 years. Annual cash flows from each project begin 1 year after the initial investment is made and have the following probability distributions: BPC has decided to evaluate the riskier project at a 12% rate and the less risky project at a 10% rate. Coefficient of variation b. What is the risk-adjusted NPV of each project? Do not round intermediate calculations. Round your answers to the nearest cent

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