Exercise $26-10($Algo$)$ Net present value, unequal cash flows, and profitability index LO P$3$

Following is information on two alternative investment projects being considered by Tiger Company. The company requires an $8\%$

return from its investments. $($PV of $$1,FV$ of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use appropriate factor$($s$)$ from the tables provided.

a$.$ Compute each project's net present value.

b$.$ Compute each project's profitability index.

c$.$ If the company can choose only one project, which should it choose on the basis of profitability index?