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Already sent this question and the person who answered did it wrong Dwight Donovan, the president of Walton Enterprises, is considering two investment opportunities. Because

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Dwight Donovan, the president of Walton Enterprises, is considering two investment opportunities. Because of limited resources, will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of three years and no salvage value. Project B supports a training program that will improve the skill employees operating the current equipment. Initial cash expenditures for Project A are $104,000 and for Project B are $40,000. T annual expected cash inflows are $49,371 for Project A and $16,085 for Project B. Both investments are expected to provide cash benefits for the next three years. Walton Enterprises' desired rate of return is 6 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required a. Compute the net present value of each project. Which project should be adopted based on the net present value approach? b. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of ret approach? Complete this question by entering your answers in the tabs below. Required A Required B Compute the net present value of each project. Which project should be adopted based on the net present value approach? (Round your final answers to 2 decimal places.) Net Present Value Project A Project B Which project should be adopted

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