expected to have a useful life of four years and no salvage value. Project B supports a training program that will improve the skilis of annual expected cash inflows are $37,226 for Project A and $12,182 for Project B. A are $118,000 and for Project B are $37,000. The benefits for the next four years. Vernon Enterprises' desired rate of return is 4 percent Both investments are expected to provide cash flow factor(s) from the tables provided.) Required a. Compute the net present value of each project. Which project should be adopted based on the net present value approach? b. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return Complete this question by entering your answers in the tabs below. Compute the net present value of each project. Which project should be adopted based on the net present vaiue approach? (Round your final answers to 2 decimal places.) 3. Compute the net present value of each project. Which project should be adopted based on the net present value approach? approach? Complete this question by entering your answers in the tabs below. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? Problem 16-19A (Algo) Using net present value and internal rate of return to evaluate investment opportunities LO 16-2,16-3 Dwight Donovan, the president of Vernon Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of four years and no salvage value. Project B supports a training program that will improve the skills of annual expected cash inflows are $37,226 for Project A and $12,182 for Project 8 . Both investments are expect 8 are $37,000. The benefits for the next four years. Vernon Enterprises' desired $12,182 for Project 8 . Both investments are expected to provide cash flow factor(s) from the tables provided.) Required a. Compute the net present value of each project. Which project should be adopted based on the net present value approach? b. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return Compute the net present value of each project. Which project should be adopted based on the net present value approach? (Round your final answers to 2 decimal places.) a. Compute the net present value of each project. Which project should be adopted based on the net present value approach? b. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? Complete this question by entering your answers in the tabs below. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? TABLE 1 PRESENT VALUE OF $1 TABLE 2 PRESENT VALUE OF AN ANNUITY OF \$1
