Axis corp is considering an investment in the best of 2 mutually exclusive projects. Project Kevin involves an overhaul of the existing system; it will cost $ 53,500 and generate cash inflows of 24,500 per year for the next (3) years. Project Thompson involves replacement of the existing system; it will cost $ 275,000 and generate cash inflows of 61,000 per year for (6) years. Using a 10.04% cost of capital, calculate each projects NPV, and make a recommendation based on the findings.

Please solve with excel