A firm is considering Projects A and $B,$ whose cash flows are shown below. These projects are mutually exclusive, equally risky and not repeatable. Your boss understands the concept of time value of money and asks you which project will have the higher NPV$.$ What do you respond?

$\backslash$table$[[$Year$,$Year $0,$Year $1,$Year $2,$Year $3,$Year $4],[$Cash FlowsA,$-$$$1,500,$$$400,$$$500,$$$600,$$$700$