You are considering 2 projects, A and B. The required rate of return for both projects is 12%. Calculate NPV and indicate if the projects should be accepted.

	Project A	Project B
Initial Outlay	(50,000)	(70,000)
Inflow Year 1	12,000	13,000
Inflow Year 2	12,000	13,000
Inflow Year 3	12,000	13,000
Inflow Year 4	12,000	13,000
Inflow Year 5	12,000	13,000
Inflow Year 6	12,000	13,000

Please show or tell how you got the answer. Or if you can use an excel formula to get the answer.

Thanks!