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Axis Corp. is studying two mutually exclusive projects Project Kelvin involves an overhaul of the existing system, it will cost $25,000 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 $25,000 and generate cash inflows of $15,000 per year for the next 3 years. Project Thompson replaces the existing system, it will cost $265,000 and generate cash inflows of $61,000 per year for 6 years. Using an) 8 16% cost of capital calculate each project's NPV, and make a recommendation based on your findings The NPV of project Kelvin is s (Round to the nearest cent)

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