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 $(181,325) Project B $(152,960) Initial investment Expected net cash flows in: Year 1 Year 2 Year 3 Year 4 Year 5 49,000 43,000 74,295 91,400 72,000 45,000 58,000 58,000 78,000 38,000 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 181,325 Chart Values are Based on: i = 6% Year PV Factor Present Value 1 2 = Cash Inflow 49,000 X 43,000 X 74,295 x 91,400 x 72,000 x 3 4 5 Present value of cash inflows Present value of cash outflows Net present value