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The following are the cash flows of two projects: Year Project A Project B 0 $320 $320 1 150 220 2 150 220 3 150

The following are the cash flows of two projects:

Year Project A Project B
0 $320 $320
1 150 220
2 150 220
3 150 220
4 150

a. Calculate the NPV for both projects if the discount rate is 11%. (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Project NPV
A $
B

b. Suppose that you can choose only one of these projects. Which would you choose?
Project B
Project A
Neither

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