Homework: Homework Ch 10 Save Score: 0 of 1 pt 2 of 7 (1 complete) HW Score: 0%, 0 of 7 pts Warm-Up 10-3 (similar to) Question Help eme... tion Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost $50,000 and generate cash inflows of $25,000 per year for the next 3 years. Project Thompson replaces the existing system; it will cost $265,000 and generate cash inflows of $60,000 per year for 6 years. Using a(n) 11.74% cost of capital, calculate each project's NPV, and make a recommendation based on your findings. The NPV of project Kelvin is $. (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer parts Clear All Check