The Breece-Puller Company must decide between two mutually exclusive investment projects. The projects cost $5500 and has an expected life of 3 years. Annual net cash flows from each project begin 1 year after the initial investment is made and have the following probability distributions:

PROJECT A PROJECT B Probability Net Cash Probability Net Cash Flows Flows 0 . 2 $ 7, 000 0 . 2 0. 5 6, 750 0. 5 5 , 750 0 . 2 7, 500 0 . 2 17 , 000 SPC has decided to evaluate the riskier project at a 13%' rate and the less risky project at a 9%/} rate . a . What is the expected value of the annual net cash flows from each project ? Do not round intermediate calculations . Round your answers to nearest dollar . Project A Project B Net cash flow What is the coefficient of variation ( CY! ? Do not round intermediate calculations . ( Hint : JE = $5, 194 and [VB = $0. 73.1 ` ( to the nearest CV ( to 2 decimal whole number ) places ) Project A Project B b. What is the risk- adjusted NPV of each project ? Do not round intermediate calculations . Round your answer to the nearest dollar . Project A $ Project B