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Axis Corp, is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost ( $ 43,500 ) and

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Axis Corp, is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost \\( \\$ 43,500 \\) and generate cash inflows of \\( \\$ 24,500 \\) per year for the next 3 years. Project Thompson replaces the existing system; if will cost \\( \\$ 235,000 \\) and generate cash inflows of \\( \\$ 55,000 \\) per year for 6 years. Using a(n) \8.21 cost of capital, calculate each project's NPV, and make a recommendation based on your findings The NPV of project Kelvin is \\( \\$ \\) (Round to the nearest cent.)

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