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

	Cash Flows (dollars)
Year	Project A				Project B
0		114				114
1		44				63
2		64				63
3		84				63

a-1. What is the NPV of each project if the opportunity cost of capital is 4%? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

a-2. Which project would you choose?

b-1. What is the NPV of each project if the opportunity cost of capital is 15%? (Do not round intermediate calculations. Round your answers to 2 decimal places.)

b-2. Which would you choose?

Here are the cash-flow forecasts for two mutually exclusive projects: Cash Flows (dollars) Year Project A Project B 0 114 114 1 44 63 2 64 63 3 84 63 WNA a-1. What is the NPV of each project if the opportunity cost of capital is 4%? (Do not round intermediate calculations. Round your answers to 2 decimal places.) a-2. Which project would you choose? b-1. What is the NPV of each project if the opportunity cost of capital is 15%? (Do not round intermediate calculations. Round your answers to 2 decimal places.) b-2. Which would you choose? Project A Project B Project A a-1. NPV of each project if the opportunity cost of capital is 4% a-2. Which project would you choose? b-1. NPV of each project if the opportunity cost of capital is 15% Which would you choose? b-2. Project B