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 FVA of $1) (Use appropriate factor(s) from the tables provided.) Project A $(178, 325) Project B $(151,960) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 46,000 51,000 76,295 91,400 73,000 44,000 57,000 59,000 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? Complete this question by entering your answers in the tabs below. Required A Required B For each alternative project compute the net present value. Project A Initial Investment $ 178,325 Chart Values are Based on: i = 12% Year Cash Inflow PV Factor = Present Value 1 2 46,000 x 51,000 x 76,295 x 91,400 x 3 = 4 5 73,000 X = Present value of cash inflows Present value of cash outflows Net present value Project B Initial Investment $ 151,960 Year Cash Inflow X PV Factor 1 44,000 x 2 = Present Value 57,000 X 3 = 4 59,000 x 68,000 x 31,000 X = 5 = Present value of cash inflows Present value of cash outflows Net present value