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 6% return from its investments. (PV of $1. Ev or $1. PVA of S1, and FVA of $1] (Use appropriate factor(s) from the tables provided.) Project A Projects Initial investment $(177,325) $(144,960) Expected net cash flows in: 45,00 29,000 Year 2 54,600 43,000 51,00 83,400 83,000 Year 5 58,280 33,000 Year 1 90, 295 Year 3 Year 4 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? For each alternative project compute the net present value. Project A Initial Investment $ 177,325 Chart Values are based on: Year Cash Inflow PV Factor Present Value 1 2 3 4 5 Initial Investment Year Cash Inflow Project B $ 144,960 PV Factor II Present Value 1 2 11 11 11 3 3 4 5 11