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 $(182,325) Project B $ (160,960) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 50,000 60,000 83,295 76,400 61,000 44,000 43,000 58,000 75,000 39,000 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 $ 182,325 Chart Values are Based on: 12% Year Cash Inflow PV Factor Present Value 1 0.8874= 2 0.88741= 50,000 x 60,000 x 83,295 x 76,400x 3 = 4 5 = Project B Initial Investment $ 160.960 Initial Investment Project B 160,960 PV Factor Year Cash Inflow Present Value 1 2 = 3 4 5