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 $ $(179,325)$ $ $(156,960)$

Expected net cash flows in:

Year $141,00039,000$

Year $241,00057,000$

Year $385,29553,000$

Year $487,40079,000$

Year $567,00020,000$

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?