Dwight Donovan, the president of Perez Enterprises, is considering two investment opportunties. Because of limited resources, he will be able to invest in only one of them, Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value, Project B supports a training program that will improve the skills of employees operating the current equipment, Initial cash expenditures for Project A are $108.000 and for Project B are $45.000. The annual expected cash inflows are $27,766 for Project A and $13,108 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Perez Enterprises, cost of capital is 6 percent eyO and evAatSD (useapproprlate factor(s) from the tobles provided.) Required a. Compute the net present value of each project. Which project shouid be adopted based on the net pesent value approach? b. Compute the approximate Internal rate of return of each project. Which one should be adopted based on the internal rate of return approsch