Project as first cash flow is 10800 and is received three


Project A's first cash flow is $10,800 and is received three years from today. Future cash flows for Project A grow by 3 percent in perpetuity. Project B's first cash flow is −$9,800, which occurs two years from today, and will continue in perpetuity.Assume that the appropriate discount rate is 11 percent.

What is the present value of each project? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Present value

Project A $

Project B $

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Financial Management: Project as first cash flow is 10800 and is received three
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