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. EV of $1. PVA of $1, and FVA of $1] (Use appropriate factor(s) from the tables provided.) Project $1180,325) Project B $(152,960) Initial investment Expected net cash flows in: Year 1 Year 2 Year 2 Year 4 Year 5 37,000 46,000 79,295 84,400 65,000 35,000 56,000 60,000 76,000 32,000 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 180,325 Chart Values are based on % Year Cash Inflow PV Factor Present Value 1 2 3 5 work Required A Required B For each alternative project compute the net present value. Project A Initial Investment $ 180,325 Chart Values are based on 1 = % Year Cash Intlow PV Factor 1 Present Value 2 3 4 5 Projecte $ 152,960 PV Factor Present Value Initial Investment Year Cash Intlow 1 2 3 4 5 Required B >