I have asked two tutors and both of them got project a and b wrong. The answer for project a is not $5,283 and project b is not $6,507, please help

eztomheducationcom C M Question 1 - Wk 2 - Practice: Pia... Wk 2 Practice: Planning for Capital Investment... 0 Saved Help Save a Exlt Submit 1 Dwight Donovan, the president of Solomon Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of three years and no salvage value. Project B supports a training program that will improve the skills of 20 employees operating the current equipment. Initial cash expenditures for Project A are $104,000 and for Project B are $43,000. The points annual expected cash inflows are $41,086 for Project A and $18,521 for Project B. Both investments are expected to provide cash ow benefits for the next three years. Solomon Enterprises' desired rate of return is 6 percent. (PV of $_1 and PVA of $_1) (Use appropriate factor(s) from the tables provided.) eBook Re uired Print q References a. Compute the net present value of each project. Which project should be adopted based on the net present value approach? I). Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? Complete this question by entering your answers in the tabs below. Required A Required B Compute the net present value of each project. Which project should be adopted based on the net present value approach? (Round your nal answers to 2 decimal places.) Project A Project B Which project should be adopted? Re uired B > MC gw Prev 1 of 1 Education Next eztomheducatiomcom C M Question 1 - Wk 2 - Practice: Pia... Wk 2 Practice: Planning for Capital Investment... 0 Saved Help Save 3. Exit Submit 1 Dwight Donovan, the president of Solomon Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of three years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $104,000 and for Project B are $43,000. The annual expected cash inflows are $41,086 for Project A and $18,521 for Project B. Both investments are expected to provide cash ow benefits for the next three years. Solomon Enterprises' desired rate of return is 6 percent. (PV of $_1 and PVA of $_1) (Use appropriate factor(s) from the tables provided.) 20 points eBook Required Print 3. Compute the net present value of each project. Which project should be adopted based on the net present value approach? I). Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return References approach? Complete thls questlon by enterlng your answers In the tabs below. Required A Required B Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? Project A Project B Which project should be adopted?