Question: Lakelord Company is considering two mutually exclusive projects, A and B. Project A costs $88758 and is expected to generate $59162 in year one and

 Lakelord Company is considering two mutually exclusive projects, A and B.

Lakelord Company is considering two mutually exclusive projects, A and B. Project A costs $88758 and is expected to generate $59162 in year one and $65471 in year two. Project B costs $113518 and is expected to generate $54111 in year one, $65827 in year two, $67234 in year three, and $48691 in year four. The firm's required rate of return for these projects is 0.070 . The net present value for Project B is Instruction: Type ONLY your numerical answer in the unit of dollars, NO \$ sign, NO comma, and round to the nearest whole number. E.g., if your answer is $7,001.56, should type ONLY the number 7002, NEITHER 7,001.6, $7001.6,$7,001.6, NOR 7001.56. Otherwise, Blackboard will treat it as a wrong answer. Lakelord Company is considering two mutually exclusive projects, A and B. Project A costs $88758 and is expected to generate $59162 in year one and $65471 in year two. Project B costs $113518 and is expected to generate $54111 in year one, $65827 in year two, $67234 in year three, and $48691 in year four. The firm's required rate of return for these projects is 0.070 . The net present value for Project B is Instruction: Type ONLY your numerical answer in the unit of dollars, NO \$ sign, NO comma, and round to the nearest whole number. E.g., if your answer is $7,001.56, should type ONLY the number 7002, NEITHER 7,001.6, $7001.6,$7,001.6, NOR 7001.56. Otherwise, Blackboard will treat it as a wrong

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