Cranjet 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 14.60 percent for such projects.

Year		Product Line Expansion			Production Capacity Expansion
0		-$2,592,200			-$9,872,700
1		503,500			1,905,600
2		746,200			1,905,600
3		761,400			1,905,600
4		899,100			2,587,800
5		696,400			2,849,500

a. What are the NPVs of the two projects?

NPV of product line expansion is______________________

NPV of production capacity expansion is_________________________

b. Should both projects be accepted? or either? or neither?

Please Show your work.