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 $62,500 and generate cash inflows of $10,000 per year for the next 3 years. Project Thompson involves replacement of the existing system, it will cost $315,000 and generate cash inflows of $70,000 per year for 6 years. Using a[n) 8.44% cost of capital, calculate each project's NPV, and make a recommendation based on your findings