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Use the following after-tax cash flows for project A and B to answer the next question: (Numbers in parentheses are negative) These two projects are

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Use the following after-tax cash flows for project A and B to answer the next question: (Numbers in parentheses are negative) These two projects are mutually exclusive. Year Cash Flow of A Cash Flow of B 0 ($2,000) ($2,000) $900 $800 2 $850 $650 3 $650 $450 4 $510 $910 5 ($200) $100 What is the approximate NPV of project A if the required rate of return is 11%? $233 $154 $482 $800 $193

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