Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost $ 20,000 and generate cash inflows of $ 15,000 per year for the next 3 years. Project Thompson replaces the existing system; it will cost $ 270,000 and generate cash inflows of $ 61,000 per year for 6 years. Using a(n) 9.04% cost of capital, calculate each project's NPV, and make a recommendation based on your findings. Question content area bottom Part 1 The NPV of project Kelvin is $ enter your response here (Round to the nearest cent.)