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.) : nces Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 Project A 5(173,325) Project B $149,960) 41,000 39,000 59,000 57,000 88,295 56,000 94,400 78,000 73,000 25,000 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 Required A Required S For each alternative project compute the net present value. Initial Investment Chart Values are Based on: Project A $173.325 Year Cash Inflow PV Factor Present Value 1 2 3 4 5 Project B Initial Investment $ 149,900 Year Cash Inflow x PV Factor Present Value 1 2 . 4 5 Prey Score answer