X-treme Vitamin Company is considering two investments, both of which cost $36,000. The cash flows are as follows:

Year	Project A	Project B
1	38,000	36,000
2	10,000	8,000
3	12,000	18,000

a. In year (s) Calculate the payback period for Project A and Project B

Project A =

Project B =

b. Calculate the net present value for Project A and Project B. Assume a cost of capital of 8 percent

Project A =

Project B =