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The following are the cash flows of two projects: Year Project A Project B 0 --

ID: 2743374 • Letter: T

Question

The following are the cash flows of two projects:

Year             Project A      Project B

0                      -- $220       -- $220

1                          100            120

2                            100          120

3                           100          120

4                            100

a. Calculate the NPV for both projects if the discount rate is 10%. (Do not round intermediate calcualtions. Round your answers to 2 decimal places.)

Project           NPV

A                ______

B                 ______

b. Suppose that you can choose only one of these projects. Which would you choose?

Project A

Project B

Neither

Explanation / Answer

Statement showing Cash flows Project A Project B Particulars Time PVf@10% Amount PV Amount PV Cash Outflows              -                1.00                       (220.00)                      (220.00)                (220.00)                     (220.00) PV of Cash outflows = PVCO                      (220.00)                     (220.00) Cash inflows         1.00          0.9091                          100.00                           90.91                   120.00                       109.09 Cash inflows         2.00          0.8264                          100.00                           82.64                   120.00                          99.17 Cash inflows         3.00          0.7513                          100.00                           75.13                   120.00                          90.16 Cash inflows         4.00          0.6830                          100.00                           68.30                                 -   PV of Cash Inflows =PVCI                        316.99                       298.42 NPV= PVCI - PVCO                           96.99                          78.42 Project A since it has highest NPV

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