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 $(185,325) Project B $(143,960) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 35,000 53,000 83,295 85,400 69,000 28,000 52,000 53,000 74,000 25,000 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 p Project A Initial Investment $ 185,325 Chart Values are Based on: 8 % Year PV Factor = Present Value 1 Cash Inflow X 35,000 X 53,000 83,295 x 85,400 x 69,000 X 5 = Present Value Project B Initial Investment $ 143,960 Year Cash Inflow X PV Factor 28,000 2 52,000 X 53,000 X 74,000 X 25,000: x Profitability Index 1 Choose Denominator: Choose Numerator: = Profitability Index Profitability index Project A Project B If the company can only select one project, which should it choose?