Axis Corp. is considering an investment in the best of two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost

$52 comma 50052,500

and generate cash inflows of

$30 comma 00030,000

per year for the next

33

years. Project Thompson involves replacement of the existing system; it will cost

$245 comma 000245,000

and generate cash inflows of

$55 comma 00055,000

per year for

66

years. Using a(n)

9.679.67 %

cost of capital, calculate each project's NPV, and make a recommendation based on your findings.

The NPV of project Kelvin is

$nothing. (ound to the nearest cent)