Following is information on two alternative investments being considered by Jolee Company. The company requires a 12% return from its investments. (PV of $1, FV of $1, PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Project A Project B Initial investment $ ( 187 , 325 ) $ ( 150, 960) Expected net cash flows in: Year 1 37,000 35,000 Year 2 50,000 46,000 Year 3 77, 295 55,000 Year 4 84, 400 69,000 Year 5 73, 000 35,000 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?Required A Required B For each alternative project compute the net present value. Project A Initial Investment $ 187,325 Chart Values are Based on: i= % Year Cash Inflow x PV Factor = Present Value 1 2 E\fProfitability Index Choose Numerator: Choose Denominator: E Profitability Index Profitability index Project A Project B If the company can only select one project, which should it choose