Darling Engineering is looking to invest in Project A or Project B. The data surrounding each project is provided below. Darling's cost of capital is 8%. Project A Project B This project requires an initial investment of This project requires an initial investment of $135,000. The project will have a life of 7 $175,000. The project will have a life of 8 years. Annual revenues associated with the project will be $130,000 and expenses associated with the project will be $35,000. years. Annual revenues associated with the project will be $115,000 and expenses associated with the project will be $60,000. Calculate the net present value and the present value index for each project using the present value tables provided below. Present Value of $1 (a single sum) at Compound Interest. Present Value of an Annuity of $1 at Compound Interest. Note: to indicate a negative NPV. Use a minus If an amount is zero, enter "0" Enter the present value index to 2 decimals. Project A Project B Total present value of net cash flow Amount to be invested Net present value Check My Work Next The Darling purchasing department has made revisions to their costs and annual cash flows for Project A and Project B, as outlined below. Project A Project B Project A's revised investment is $228,800. The Project B's revised investment is $108,900. project's life and cash flow have changed to 7 years and $47,000, respectively, while expenses to 6 years and $80,000 while expenses The project's life and cash flow have changed have been eliminated. reduced slightly to $55,000. Compute the internal rate of return factor for Project A and Project B and then identify each project's corresponding percentage from the PV ordinary annuity table. Note: Enter the IRR factor, to 5 decimal places. Project A: The calculated IRR factor is to which percentage in the present value of ordinary and this value corresponds annuity table? % and this value corresponds to which percentage in the present value of ordinary Project B: The calculated IRR factor is annuity table? % Feedback Feedback Check My Work Next All work saved. Email Instructor Save and Exit Submit Assignment for Gradings