Bonita Company is considering two different, mutually exclusive capital expenditure proposals, Project A will cost $476,000, has an expected useful life of 13 years and a salvage value of zero, and is expected to increase net annual cash flows by $67,000. Project B will cost $319,000, has an expected useful life of 13 years and a salvage value of zero, and is expected to increase net annual cash flows by $47,000. A discount rate of 8% is appropriate for both projects. Calculate the net present value and profitability index of each project.