Project A requires an original investment of $57,700. The project will yield cash flows of $16,600 per year for 4 years. Project B has a computed net present value of $3,270 over a 4-year life....

Project A requires an original investment of $57,700. The project will yield cash flows of $16,600 per year for 4 years. Project B has a computed net present value of $3,270 over a 4-year life. Project A could be sold at the end of 4 years for a price of $16,300.

Following is a table for the present value of $1 at compound interest:

Following is a table for the present value of an annuity of $1 at compound interest:

Use the tables above.

a.Determine the net present value of Project A over a 4-year life with salvage value assuming a minimum rate of return of 12%.Round your answer to two decimal places.

$_______________

b.Which project provides the greatest net present value?