Fuji Software, Inc., has the following mutually exclusive projects.

Year Project A Project B

0 -$22,000 -$25,000

1 13,000 14,000

2 9,500 10,500

3 3,100 9,500

Calculate the payback period for each project. (Round your answers to 3 decimal places. (e.g., 32.161))

Project A(in years)

Project B (in years)

Which, if either, of these projects should be chosen?

Project A

Project B

Both

Neither

What is the NPV for each project if the appropriate discount rate is 16 percent? (Negative amounts should be indicated by a minus sign. Round your answers to 2 decimal places. (e.g., 32.16))

Project A

Project B

Which, if either, of these projects should be chosen if the appropriate discount rate is 16 percent?

Project A

Project B

Both

Neither