Year Project A Project B 0 –$ 51,000 –$ 66,000 1 31,000 30,000 2 26,000 39,000 3 21,000 42,000 The cash flows of Project A are expressed in real terms, whereas those of Project B are expressed in...

The cash flows of Project A are expressed in real terms, whereas those of Project B are expressed in nominal terms. The appropriate nominal discount rate is 14 percent and the inflation rate is 5 percent.

Calculate the NPV for each project.(Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)