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The following are the cash flows of two projects: Year Project A Project B 0 $ (260 ) $ (260 ) 1 140 160 2

The following are the cash flows of two projects: Year Project A Project B 0 $ (260 ) $ (260 ) 1 140 160 2 140 160 3 140 160 4 140 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.) b. Suppose that you can choose only one of these projects. Which would you choose? Project A Project B Neither

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