Big Company is evaluating two projects, Project A and Project B. Both projects are of equal risk. Big Company has a WACC of 10%. The expected Free Cash Flows of the projects are as follows:

Period	Annual Cash Flows Project A		Annual Cash Flows Project B
0	($30,000)		($30,000)
1	6,500		16,500
2	9,000		10,500
3	12,000		9,000
4	15,000		3,000

Compute the Net Present Value (NPV) for "A". Show your inputs/work for partial credit.

The Net Present Value of Project B is $2,488.56. If Projects A and B are independent, considering only at the NPV method, which project(s) should Big Company proceed with? Explain your answer.

The Net Present Value of Project B is $2,488.56. If Projects A and B are mutually exclusive, considering only at the NPV method, which project(s) should Big Company proceed with? Explain your answer.