introducing one of the firm's products into a new market Cash flows from each project appear in the following table

a$.$ Calculate the NPV for both projects Rank the projects based on their NPVs

b$.$ Calculate the IRR for both projects. Rank the projects based on their IRRs

c$.$ Calculate the PI for both projects Rank the projects based on their PIs

d$.$ The firm can undertake only one investment. What do you think the firm should do$?$

a$.$ The NPV of the plant expansion project is $ $($Round to the nearest dollar$)$

Data table

$($Click on the icon here in order to copy the contents of the data table below into a spreadsheet$)$

$\backslash$table$[[$Year$,$Plant expansion,Product introduction$],[0,-$$$4,400,000,-$$$500,000$