Use the following information for Questions 23-24:

You are the manager of Lobo Corporation and you must decide between two mutually exclusive projects.The following information is available for the projects:

	Project A	Project B
Annual Revenues	985,000	725,000
Annual Operating Costs	360,000	400,000
Initial Investment	1,800,000	800,000
Salvage Value	-	-
Project Life	5	5
NPV	???	497,725
IRR	0.22	0.3

Required:

Compute the NPV for Project A.