Here are the cash flow forecasts for two mutually exclusive projects:

	Cash Flows (dollars)
Year	Project A	Project B
0	106	106
1	36	55
2	56	55
3	76	55

a-1.	What is the NPV if the opportunity cost of capital is 2%? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Project	NPV
A	$
B

a-2.	Which project would you choose?
	Project A Project B

b-1.	What is the NPV if the opportunity cost of capital is 12%? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

Project	NPV
A	$
B

b-2.	Which would you choose?
	Project A Project B