Western Dynamite Company is evaluating two new methods of blowing up buildings for commercial purposes over the next five years. Method 1 (implosion) is relatively low in risk for this business and will carry a 14 percent discount rate. Method 2 (explosion) is less expensive to perform, but it is more dangerous and will require a higher discount rate of 16 percent. Either method will require an initial capital outlay $92,000. The inflows from projected business over the next five years are given below.

Years	Method 1	Method 2
1	$30,400	$19,300
2	42,400	31,700
3	45,600	38,600
4	47,400	30,600
5	26,000	74,300

a. Calculate NPV for Method 1 and Method 2. (Round "PV Factor" to 3 decimal places. Do not round intermediate calculations. Round the final answers to the nearest whole dollar.)

	Net present value
Method 1	$
Method 2	$