Dwight Donovan, the president of Stuart Enterprises, is considering two investment opportunitles. 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 three years and no salvage volue. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $117.000 and for Project B are $30.000. The annual expected cash inflows are $49,552 for Project A and $13,358 for Project B. Both investments are expected to provide cash flow benefits for the next three years. Stwart Enterpises' desiced rate of return is 6 percent. (py ol S1 and pya ofS1) (Use appropriate foctor(s) from the tobles provided.) Required o. Compute the net present value of each project. Which project should be adopted based on the net present value approach? b. Compute the approximate intemal rate of retuin of each project. Which one should be adopted based on the internal rate of retum approach? Complete this question by entering your answers in the tabs tielow. Compute the net present volue of each project. Which project should be adopted based on the net pretmet value approach? (flound your final answers to 2 decimal places.)