Tempura, Inc., is considering two projects. Project A requires an investment of $34,000. Estimated annual receipts for 20 years are $20,000; estimated annual costs are $12,500. An alternative project, B, requires an investment of $57,000, has annual receipts for 20 years of $31,000, and has annual costs of $18,000. Assume both projects have a zero salvage value and that MARR is 15.5 % year.
What is the present worth of each project?
Project A: $
Project B: $