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					Project B
Initial investment		$	(188,325	)			$	(154,960	)
Expected net cash flows in:
Year 1			50,000					33,000
Year 2			41,000					48,000
Year 3			80,295					57,000
Year 4			87,400					68,000
Year 5			64,000					34,000

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?