Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted.

(Related to Checkpoint 11.1, Checkpoint 11.3, and Checkpoint 11.4) (Net present value, profitability index, and internal rate of return calculations) You are considering two independent projects, Project A and Project B. The initial cash outlay associated with Project A is $55,000 and the initial cash outlay associated with Project B is $74,000. The discount rate on both projects is 11.9 percent. The expected annual cash flows from each project are as follows 3 4 2 Project A S(55,000) 10,000 10,000 10,000 10,000 10,000 10,000 Year Project B $(74,000) 11,000 11,000 11,000 11,000 11,000 11,000 0