The Bartram-Pulley Company (BPC) must decide between two mutually exclusive investment projects. Each project costs $7,750 and has an expected life of 3 years. Annual net cash flows from each project begin 1 year after the initial investment is made and have the following probability distributions:

PROJECT A		PROJECT B
Probability	Net Cash Flows	Probability	Net Cash Flows
0.2	$5,000	0.2	$ 0
0.6	6,750	0.6	6,750
0.2	8,000	0.2	17,000

BPC has decided to evaluate the riskier project at a 13% rate and the less risky project at a 8% rate.

What is the coefficient of variation (CV) for both projects? Do not round intermediate calculations. (Hint: B=$5,444 and CVB=$0.73.)

(to the nearest whole number)

CV (to 2 decimal places)

What is the risk-adjusted NPV of each project? Do not round intermediate calculations. Round your answer to the nearest dollar.

Project A		$
Project B		$