You are considering two independent projects, project A and B. The initial cash outlay associated with projects A is $53,000 and the initial cash outlay associated with project B is $74,000. The discount rate on both projects is 11.7 percent. The expected annual cash flows from each project are as follows. Year project A Project B 0 $(53,000) $(74,000) 1 9,000 10,000 2 9,000 10,000 3 9,000 10,000 4 9,000 10,000 5 9,000 10,000 6 9,000 10,000 a. The NPV of project A is $.