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4. Axis Imaging Care is considering investment in the best of two mutually exclusive projects. Project A involves an overhaul of the existing CT room;

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4. Axis Imaging Care is considering investment in the best of two mutually exclusive projects. Project A involves an overhaul of the existing CT room; it will cost $45,000 and generate a cash inflows of $20,000 per year for the next 3 years. Project B involves replacement of the existing x-ray room; it will cost $275,000 and generate cash inflows of $60,000 per year for 6 years. Using an 8% cost of capital, calculate each project's NPV, and make a recommendation based on your findings

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