(10 points 5 each) Niro Company has money available for investment and is considering two projects each costing $71,000. Each project has a useful life of 3 years and no salvage value. The estimated cash flows for the projects are Project A Project B Year 1 $ 8,000 $28,000 Year 2 Year 3 24,000 28,000 52,000 28,000 Instructions The acceptable earnings rate is 8%. Prepare an analysis for each project using the Net Present Value (NPV) method. NPV factors for 8% are: PV of $1 PV of annunity of $1 Year 1 .926 .929 Year 2 .857 1.783 Year 3 .794 2.577 Edit View Insert Format Tools Table