Ciara Corp. is considering two mutually exclusive projects. The (after-tax) free cash flow for each project and year is given below:

Year	Project A	Project B
0	-59,000	-66,000
1	20,000	30,000
2	25,000	25,000
3	30,000	20,000
4		15,000
5		10,000

The relevant discount rate is 10% for both projects.

Attempt 1/10 for 9.5 pts.

Part 1

What is the net present value of project A?

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Attempt 1/10 for 9.5 pts.

Part 2

What is the net present value of project B?

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Attempt 1/10 for 9.5 pts.

Part 3

What is the equivalent annual annuity (annualized NPV) of project A?

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Attempt 1/10 for 9.5 pts.

Part 4

What is the equivalent annual annuity (annualized NPV) of project B?

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