Crane Industries is expanding its product line and its production capacity. The costs and expected cash flows of the two independent projects are given in the following table. The firm uses a discount rate of 15.70 percent for such projects. Year Product Line Expansion 0 1 2 3 -$3,063,300 867.900 970,300 970,300 970,300 970,300 Production Capacity Expansion $6,899,100 2,565,400 2,565,400 2,565 400 2.455,400 2.455,400 4 5 a. What are the NPVs of the two projects? (Enter negative amounts using negative sign, e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, 4.3. 1,525.) $ NPV of product line expansion is NPV of production capacity expansion is $ b. Should both projects be accepted? or either or neither? Explain your reasoning. Crane should accept Blossom Mills management is evaluating two alternative heating systems. Costs and projected energy savings are given in the following table. The firm uses 11.50 percent to discount such project cash flows. Year 0 1 System 100 -$1,652,200 304,110 439,730 598,040 737.300 System 200 - $1,682,300 636,600 745,100 572,900 417,200 2 3 4 What is the NPV of the systems? (Enter negative amounts using negative sign, 0.g. -45.25. Do not round discount factors and intermediate calculations. Round final answers to 0 decimal places, e.g. 5,275.) NPV of system 100 is $ NPV of system 200 Ls $ Which system should be chosen? Blossom should choose