You are considering the following two mutually exclusive projects, which have expected cash flows as summarized below. Both projects have the same initial (Year 0) cash outflow of -$48,624. The required rate of return is 14.6 percent for project A and 13.8 percent for project B.

Because its NPV is approximately $____________ higher that Project B, your recommendation is to choose Project A. (round your answer to the nearest dollar)

Year Project A Project

1 24,000 40,000

2 36,000 20,000

3 21,000 10,000