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.)

Project A					Project B
Initial investment		$	(184,325	)			$	(141,960	)
Expected net cash flows in:
Year 1			41,000					31,000
Year 2			43,000					59,000
Year 3			89,295					55,000
Year 4			95,400					71,000
Year 5			68,000					31,000

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?