Maxwell 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. (Do not round intermediate calculations and round your answers to 3 decimal places, e.g., 32.161.)

Project A (in years)

Project B (in years)

What is the NPV for each project if the appropriate discount rate is 16 percent? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Project A NPV

Project B NPV