CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 24-5 McKnight Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $460,910, has an expected useful life of 11 years, a zero, and is expected to increase net annual cash flows by $45,000. A discount rate of 7% is appropriate for both projects. Click hert lovewn,table. Compute the net present value and profitability index of each project. (r the net present value is negative, use either a negative sign preceding the number eg of zero, and is expected to Increase net annual cash fows by $68,000. Project B will cost $297,440, has an expected useful life of 11 years, a salvage value of s or parentheses eg (45). Round present value answers to O 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- Project A Profitablity index - Project A Net presenvt 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? 9 should be accepted. Click if you would like to Show Work for this question: Open Show Work