Brief Exercise 12-5 McKnight Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $411,349, has an expected useful life of 11 years, a salvage value of zero, and is expected to increase net annual cash flows by $71,000. Project B will cost $273,159, has an expected useful life of 11 years, a salvage value of zero, and is expected to increase net annual cash flows by $48,800. A discount rate of 10% is appropriate for both projects. Click here to View PV t Compute the net present value and profitability index of each project. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg 45). Round present value answers to 0 decimal places, e.g. 125 and profitability index answers to 2 decimal places, e.g.15.25. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value ProjectA Profitability index - Project A Net present value Project B Profitability index - Project B Which project should be accepted based on Net Present Value? should be accepted. Which project should be accepted based on profitability index? should be accepted