Dwight Donovan, the president of Solomon Enterprises, is considering two investment opportunities. Because of limited resources, h 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 three 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 $119,000 and for Project B are $42,000. The annual expected cash Iflows are $47,012 for Project A and $16,889 for Project B. Both investments are expected to provide cash flow benefits for the next three years. Solomon Enterprises' cost of capital Is 6 percent. (PV of $1 and PVA of $) (Use appropriate factors) from the tables provided.) 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 ARequired B Compute the net present value of each project. Which project should be adopted based on the net present value approach? (Round your intermediate calculations and final answers to 2 decimal places.) Net Present Project A Project B Which project should be adopted? Reqired