The following cash flow and other financial data for two mutually exclusive projects A with a life of 2 years, and B with a life of 4 years.

	Expected Net Cash Flow
Year	Project A	Project B
0	-$100,000	-$100,000
1	60,000	33,500
2	60,000	33,500
3	-	33,500
4	-	33,500

Based on the risk analysis, the cost of capital is 10% for both projects.

The projects A and B initial NPVs without replication are

	A.	$856 and $1,050 respectively.
	B.	$1,978 and $2,134 respectively.
	C.	$4,132 and $6,190 respectively
	D.	$5,345 and $7,235 respectively.
	E.	$7,278 and $8,400 respectively