Dwight Donovan, the president of Rundle Enterprises, is considering two Investment opportunities. Because of limited resources, the will be able to invest in only one of them. Project Als 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 $106,000 and for Project Bare $41,000. The annual expected cash inflows are $30,137 for Project A and $12,522 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Rundle Enterprises' desired rate of return is 4 percent (PV of 51 and PVA SD) (Use appropriate factor(s) from the tables provided.) Required a. Compute the net present value of each project. Which project should be adopted based on the net present 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 approach? Complete this question by entering your answers in the tabs below. Required A Required B Compute the net present value of each project. Which project should be adopted based on the net present value approach? (Round your Analwers to 2 decimal places.) Project A Project B Which project should be adopted Dwight Donovan, the president of Rundle Enterprises, is considering two investment opportunities. 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 $106,000 and for Project B are $41,000. The annual expected cash inflows are $30,137 for Project A and $12,522 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Rundle Enterprises' desired rate of return is 4 percent (Py of 51 and PVA of 51) (Use appropriate factor(s) from the tables provided.) Required .. Compute the net present value of each project. Which project should be adopted based on the net present 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 approach? Complete this question by entering your answers in the tabs below. Required A Required Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of retum approach PropdA Projects Which project should be adopted