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(NPV, PI, and IRR calculations) You are considering two independent projects, project A and project B. The initial cash outlay associated with project A is $40,000, and the initial cash outlay associated with project Bis 560,000. The required rate of return on both projects is 10 percent. The expected annual free cash inflows from each project are in the popup window: E. Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted. a. What is the NPV of project A? $(Round to the nearest cent.) What is the NPV of project B? ${Round to the nearest cent.) Based on the NPV criterion, project A should be V because its NPV is and project B should be because its NPV is V. (Select from the drop-down menus.) b. What is the Pl of project A? (Round to three decimal places.) What is the Pl of project B? (Round to three decimal places.) Based on the Pl criterion project A should be because Plis than 1.00 and project B should be because its Plis than 1.00. (Select from the drop-down menus.) C. What is the IRR of project A? % (Round to two decimal places.) What is the IRR of project B? % (Round to two decimal places.) Based on the IRR criterion, project A should be because its IRR is than the expected rate of return and project B should be because its IRR IS V than the expected rate of return. (Select from the drop-down menus.) - X Data table Initial Outlay Inflow year 1 Inflow year 2 Intlow year 3 Inflow year 4 Inflow year 5 Inflow year 6 PROJECT A -S40.000 12.000 12.000 12,000 12.000 12.000 12.000 PROJECTB - $60,000 13,000 13,000 13,000 13,000 13,000 13,000