Tempura, Inc., is considering two projects. Project A requires an investment of $ 44,000. Estimated annual receipts for 20 years are $ 15,000; estimated annual costs are $12,500. An alternative project, B, requires an investment of $ 59,000, has annual receipts for 20 years of $ 29,000, and has annual costs of $18,000. Assume both projects have a zero salvage value and that MARR is 15.5 %/year.

What is the present worth of each project? Project A: $ Project B: $