Exercise 24-10 NPV and profitability index LO P3 Following is information on two alternative investments being considered by Jolee Company. The company requires a 8% 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.) Initial investment Project A Project B Expected net cash flows in year: $(179,325) $(150,960) 1 44,000 31,000 2 44,000 42,000 3 79,295 68,000 4 81,400 75,000 5 63,000 34,000 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 For each alternative project compute the net present value. Project A Initial Investment $ 179,325 Chart Values are Based on: