Office Min is considering several risk-free projects:

Project	Initial cash flow	Cash flow in 1 year
A	-9,500	11,400
B	-4,000	4,200
C	-6,500	7,475

The risk-free interest rate is 8%.

Part 1

What is the NPV of project A?

Part 2

What is the NPV of project B?

Part 3

What is the NPV of project C?

Part 4

Which projects should the company accept?

Check all that apply:

Project B

Project A

Project C