A company is considering two alternative investment opportunities, each of which requires an initial cash outlay of $110,000. The expected net cash flows from the two projects follow: Project A Project Z

Year 1 $30,000 $44,000

Year 2 44,000 70,000

Year 3 70,000 30,000

Totals $144,000 $144,000

Based on a comparison of their net present values, and assuming the same discount rate of 12% is required for both projects, which project is the better investment? Use the table values below to compute the net present value of each project's cash flows.

Periods Present value of 1 at 12%
1 0.8929

2 0.7972

3 0.7118

Project A Project Z
NPV

PLEASE ANSWER AND THANK YOU.