The following are the cash flows of two projects: Year Project A Project B 0 $-220 $-220 1 2 3 4 100 100 100 100 FILL IN YOUR ANSWER WITH A COMMA FOR THOUSANDS, MILLIONS ETC AND A DOT FOR DECIMALS, do not fill in any currency sign ($, etc). So for instance, One-million-one-hundred-thousand-and- fourty euros and 50 cents would be 1,100,040.50. For percentages use a dot and NO % sign. For instance if you think an answer is seven per cent and 22 hundredths, write 7.22 a. Calculate the NPV for both projects if the discount rate is 10%. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Project Project A Project B 120 120 120 $ $ O Project A O Project B O Neither NPV 316.99 298.42: b. Suppose that you can choose only one of these projects. Which would you choose?

The following are the cash flows of two projects: FLL IN YOUR ANSWER WITH A COMMAFOR THOUSANDS. MILLIONS ETC AND A DOT FOR DECIMALS, do not fill in any currency sign ( S,C etc). So for instance, One-milion-one-hundred-thousand-andfourty euros and 50 cents would be 1,100,04050. For percentages use dot and NO \% sign. For instance if you think an answer is seven per cent and 22 hundredths. write 722 o. Calculate the NPV for both projects if the discount rate is 105 (Do not round intermediate calculations. Round your onswers to 2 decimal places.) b. Suppose that you can choose only one of these projects Which would you choose? Project A Project B Neither