A company has $100,000 to invest The company is trying to decide between two alternative uses of the funds. The alternatives are: Project J Project it |[lost of equipment required $100,000 $0 Working capital investment required $0 $100,000 Annual cash inflows $24,000 $9,000 Salvage value of equipment in 5 $15 000 $0 years ' Life of the project 5 years 5 years I The working capital needed for project K will be released at the end of five years for investment elsewhere. The company's discount rate is 10%. Click here to view Exhibit12Ei-1 and Exhibit 120-2. to determine the appropriate discount factornjsj using tables. Required: a. Calculate net present value for each project {Any cash outows should be indicated by a minus sign. Use the appropriate table to determine the discount factorfs}. When you enter a factor. use a whole number followed by 3 decimal places, for example: 0.123 or 3.455.} Year Cash Flow 10% PV Present Value Factor of Cash Flows Project J: Purchase of equipment Now (100,000) 1.000 (100,000) Annual cash inflows 1-5 24,000 Salvage value 5 Net present value Project K: Working capital invested Now 1.000 Annual cash inflows 1-5 Working capital released 5 Net present value