Following is information on two alternative investments being considered by Jolee Company. The company requires a 6% 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 $(177,325) Project B $(151,960) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 53,000 54,000 72,295 92,400 67,000 35,000 58,000 57,000 76,000 37,000 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 $ 177,325 Chart Values are Based on: % Year Cash Inflow x PV Factor II Present Value 1 II 2 = 3 II 4 5 = Initial Investment Year 1 Project B $ 151,960 Cash Inflow X PV Factor II Present Value 2 II 3 4 5 = 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: = 1 = Profitability Index Profitability index 0 0 Project A Project B If the company can only select one project, which should it choose