Consider the following cash flows on two mutually exclusive projects: Year 0 1 Project - 47,000 22.000 16.000 16,000 Project -$ 63,000 16.000 28,000 25,300 3 Cash flows of project A are expressed in real terms, while those of project Bare expressed in nominal terms. The appropriate nominal discount rate is 9 percent, and inflation is 2.5 percent. a. Calculate the NPV for each project? (Negative amounts should be indicated by a minus sign. Do not round intermediate calculations. Round the answers to 2 decimal places. Omit $ sign in your response.) NPY 5 Project Project B b. Which project should you choose? O Project A O Project B O None