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Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost $48,500 and generate cash inflows

Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost $48,500 and generate cash inflows of $24,500 per year for the next 3 years. Project Thompson replaces the existing system; it will cost $215,000 and generate cash inflows of $50,000 per year for 6 years. Using a(n) 10.43% cost of capital, calculate each project's NPV, and make a recommendation based on your findings.

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