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 OLS1 EV of $1. PVA OLS), and EVA 5.1) (Use appropriate foctor(s) from the tables provided.) Project Project Initial investment $(175,325) $(144,90) Expected net cash flows int Year 1 46,000 Year 2 41.000 53,000 Year) 90,295 49,000 Year 4 55,000 Year 64,000 o. 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 Intuinvestment $ 175 395 Chart Valsan Based on Project A $(175,325) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 46,000 41,080 90, 295 96,400 64,000 Project B $(144,968) 26,000 58,000 49,000 68,000 19,000 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 Complete this question by entering your answers in the tabs below. Required A Required B For each alternative project compute the profitability Index. If the company can only select one project, which should it choose? Profitability Index Choose Denominator: Choose Numerator: - Profitability Index Profitability Index Project A Project B Wf the company can only select one project, which should it choose?