You are considering two independent projects, Project A and Project B. The initial cash outlay associated with Project A is $53,000 and the initial cash outlay associated with Project B is $64,000. The discount rate on both projects is 11.8 percent. The expected annual cash flows from each project are as follows:

Year	Project A	Project B
0	$(53,000)	$(64,000)
1	$11,000	$12,000
2	$11,000	$12,000
3	$11,000	$12,000
4	$11,000	$12,000
5	$11,000	$12,000
6	$11,000	$12,000

a. The NPV of Project A is

$enter your response here.

(Round to the nearest cent.)

Part 2

The NPV of Project B is

$enter your response here.

(Round to the nearest cent.)

Part 3

b.The PI of Project A is

enter your response here.

(Round to two decimal places.)

Part 4

The PI of Project B is

enter your response here.

(Round to two decimal places.)

Part 5

c. The IRR of Project A is

enter your response here%.

(Round to two decimal places.)

Part 6

The IRR of Project B is

enter your response here%.

(Round to two decimal places.)

Part 7

d.Should the projects be accepted or not?(Select the best choice below.)

A.

Only Project B should be accepted.

B.

Only Project A should be accepted.

C.

Both Project A and Project B should be accepted.

D.

Neither Project A nor Project B should be accepted.