Exercise 11-10 NPV and profitability index LO P3 Following is information on two alternative investments being considered by Jolee Company. The company requires a 6% return from its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project A $(175, 325) Project B $(147,960) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 54,000 40,000 85,295 81,400 70,000 41,000 42,000 49,000 83,000 29,000 ces a. For each alternative project compute the net present value. b. For each alternative project compute the profitability index If the company can only select one project, which should it choose? Complete this question by entering your answers in the tabs below. Required A Required B Prev 1 of 1 HER Next Required A Required B For each alternative project compute the net present value. Project A Initial Investment $ 175,325 Chart Values are Based on: % Year Cash Inflow PV Factor Present Value Il 11 1 N 3 4 5 = 1 E