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.) Project A $(187,325) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 Project B $ (160,960) 52,000 36,000 53,000 51,000 87,295 59,000 80,400 75,000 68,000 20,000 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