Gray Company is considering two important projects, Project F and Project G. The initial cost of Project F is $ 350,000 and Project G is $ 480,000. Considering the cost of capital for both projects is 15% and the cash flows from each project are as follows:

Year	Project F	Project G
0	-350,000	-480,000
1	150,000	160,000
2	170,000	170,000
3	160,000	201,000
4	140,000	210,000
5	150,000	250,550
6	150,000	160,021

a. What is the net present value (NPV) for each project b. Which project is the most profitable? Give your reasons!