DO NOT COPY FROM CHEGG THE ANSWERS ARE WRONG THERE. PLEASE ATTEMPT THIS QUESTION ONLY IF YOU ARE 100 % SURE

1) Project A and project B both require an initial investment of $100 and have a 5-year life. Information regarding both projects is presented in the table below: Net present value (NPV) Profitability Index (PI) Internal rate of return (IRR) Project A $43 ?? 24% Project B $47 1.47 21% a) Calculate the Profitability Index (PI) for project A. (2 marks) b) If project A and B are independent, which project/projects would be accepted? Why? (2 marks) c) If project A and B are mutually exclusive, which project/projects would be accepted? Why? (2 marks)