Consider the following two mutually exclusive projects: Project A has an initial cost of $-319,844 and the following Cash flows: Year 1 $37,700 Year 2 $66,000 Year 3 $65,000 Year 4 $499,000 Project B has an initial cost of $-28,476 and the following Cash flows: Year 1 $10,057 Year 2 $11,536 Year 3 $12,849 Year 4 $14,814 The required return is 20 percent for both projects. What is the Net Present Value and Profitability Index for each project? What do they imply?. Multi Line Text.