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Axis Corp. is studying two mutually exclusive projects Project Kelvin involves an overhaul of the existing system, it will cost $52,500 and generate cash inflows

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Axis Corp. is studying two mutually exclusive projects Project Kelvin involves an overhaul of the existing system, it will cost $52,500 and generate cash inflows of $24,500 per year for the next 3 years. Project Thompson replaces the existing system, it will cost $220,000 and generate cash inflows of $50,000 per year for 6 years. Using a(n) 11.36% cost of capital, calculate each project's NPV, and make a recommendation based on your findings

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