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Please do not use excel to solve this problem. Excel returns the wrong answer. ...

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Accounting

imagePlease do not use excel to solve this problem. Excel returns the wrong answer.

P11-26 (similar to) Question Help (Related to Checkpoint 11.1, Checkpoint 11.3, and Checkpoint 11.4) (Net present value, profitability index, and internal rate of return calculations) You are considering two independent projects, Project A and Project B. The initial cash outlay associated with Project A is $53,000 and the initial cash outlay associated with Project B is $68,000. The discount rate on both projects is 11.2 percent. The expected annual cash flows from each project are as follows Year Project A $(53,000) 11,000 11,000 11,000 11,000 11,000 11,000 Project B $(68,000) 12,000 12,000 12,000 12,000 12,000 12,000 4 a. The NPV of Project A is S (Round to the nearest cent)

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