Consider the following cash flows on two mutually exclusive projects:

$$

$$

Year Project A Project B

$0$

$

$53$

$,$

$000$

$

$59$

$,$

$000$

$124$

$,$

$00027$

$,$

$000$

$222$

$,$

$00026$

$,$

$000$

$320$

$,$

$00025$

$,$

$000$

$$

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

$3$

$$percent$.$

$$

Calculate the NPV for each project.

$($

Do not round intermediate calculations and round your answers to

$2$

$$decimal places, e

$.$

g

$.$

$,$

$32\mathrm{.}16$

$.$