Axis Corp, is considering investment in the best of two mutually exclusive projects. Project Kelvin involves an overhaul of the existing syste; it will cost $45,000 and generate cash inflows of 20, 000 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 $60,000 per year for 6 years. Using an 8% cost of capital, calculate each projects NPV, and make a recommendation based on your findings