Consider the following cash flows on two mutually exclusive projects: Year Project A Project B 0 $ 64,000 $ 79,000 1 44,000 43,000 2 39,000 52,000 3 34,000 55,000 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 11 percent and the inflation rate is 4 percent. Calculate the NPV for each project. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.) NPV Project A $ Project B $ Which project should you choose? Project A Project B