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THIS IS AN EMERGENCY I NEED IT NOW PLEASE ?!?!?!?!? Here are the...

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Finance

THIS IS AN EMERGENCY I NEED IT NOW PLEASE ?!?!?!?!?

Here are the cash flows for two mutually exclusive projects:

Year 0 1 2 3
A -20,000 7,000 7,000 10,000
B -20,000 0 0 25,000

If the correct discount rate is 7% how much better off will the firm be if you choose project A over B? Round your answer to two decimal places

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