Following is information on two alternative investments being considered by Jolee Company. The company requires a 6% return from its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1). (Use appropriate factor(s) from the tables provided.)

Following is information on two alternative investments being considered by Jolee Company. The company requires a 6% return from its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1). (Use appropriate factor(s) from the tables provided.)

	Project A					Project B
Initial investment		$	(183,325	)			$	(146,960	)
Expected net cash flows in year:
1			50,000					42,000
2			55,000					54,000
3			85,295					55,000
4			80,400					69,000
5			56,000					28,000

1(a)	For each alternative project compute the net present value.