Can I get this solved by hand, not in excel. Thank You

8) (20 points) A company has $500,000 available to invest. It has narrowed its choices to two projects, each expected to last for 10 years. Project A is expected to generate a net income of $50,000 at the end of year one with an annual increase of $10,000 each year in net annual income over the next 9 years. Project B is expected to generate a net income of $40,000 at the end of year one and the net annual income over each of the next 9 years being 20% larger than the previous year's net annual income. The company's TVOM is 10% per year compounded annually. a) (8 points) Compute the present value of the net income from Project A over the 10-year period. b) (8 points) Compute the present value of the net income from Project B over the 10-year period. c) (4 points) Based on the above present values, which project should the company choose, if any? Explain