The following are the cash flows of two projects:

A Project year 0 $(270) year 1 (150) year 2 (150) year 3 (150) year 4 (150)

B Project year 0 $(270) year 1(170) year 2(170)year 3(170) year 4(150)

a.Calculate the NPV for both projects if the discount rate is 12%.(Do not round intermediate calculations. Round your answers to 2 decimal places.)

b.Suppose that you can choose only one of these projects. Which would you choose?

• Project A
• Project B
• Neither