Beacon Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $475,459, has an expected useful life of 12 years, a salvage value of zero, and is expected to increase net annual cash flows by $74,000. Project B will cost $313,011, has an expected useful life of 12 years, a salvage value of zero, and is expected to increase net annual cash flows by $50,700. A discount rate of 9% is appropriate for both projects. (Refer the below table) TABLE 3 Present Value of 1 Periods 4% 5% 6% 7%8%9%10% 11% 12% 15% 96154 95238 94340 0.93458 92593 91743 9090990090 89286 86957 .92456 .90703 .89000 0.87344 .85734 .84168 .82645 .81162 .797 19 .75614 .88900 86384 83962 0.81630 7938377218 75132 73119 71178.65752 8548082270 79209 0.76290 73503 70843 68301 65873 63552 57175 82193 78353 74726 0.71299 68058 6499362092 59345 56743 49718 79031 74622 70496 0.66634 63017 5962756447 53464 50663 43233 75992 71068 66506 0.62275 58349 54703 51316 48166 45235 37594 73069 67684 62741 0.58201 54027 50187 46651 43393 40388 32690 7025964461 59190 0.54393 50025 46043 42410 39092 36061 28426 10 67556 61391 55839 0.50835 46319 42241 38554 35218 32197 24719 11 64958 58468 52679 0.47509 42888 38753 35049 31728 28748 21494 12624605568449697 0.44401 39711 35554 31863 28584 25668 18691 6005753032 46884 0.41496367703261828966 25751 22917 16253 5774850507442300.3878234046 29925 26333 23199 20462 14133 5552648102417270.362453152427454 23939 20900 18270 12289 53391 45811 39365 0.33873 2918925187 21763 .18829 16312 10687 513374363037136 0.316572702723107.19785 16963 14564 09293 493634155235034 0.29586 25025 21199 .17986 .1528213004 08081 47464 3957333051 0.27615 23171 19449 16351 13768 .11611 07027 4563937689 31180 0.2584221455 17843.14864 12403 10367 06110 13 14 15 16 17 18 19