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 51. FV of $1. PVA of S1, and EVA of 5) (Use appropriate factor(s) from the tables provided.) Project Project Initial investment (182,325) $160,960) texpected net cash flow in 30,000 31,000 Year 2 52.000 45,000 Year) Year 4 84,400 Year 5 70.000 Year 1 81,295 65,000 69,000 27,000 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. Saved Project A Initial Investment $ 182,325 Chart Values are Based on: 1 = % Year Cash Inflow PV Factor Present Value 1 2 = ook 3 4 5 int int rences Initial Investment Year Cash Inflow Project B $ 160,960 PV Factor Present Value 1 . 2 3 4 5 11#