Jonczyk Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $475,000, has an expected useful life of 13 years and a salvage value of zero, and is expected to increase net annual cash flows by $67.000. Project B will cost $345.000, has an expected useful life of 13 years and a salvage value of zero, and is expected to increase net annual cash flows by $50,000. A discount rate of 8% is appropriate for both projects. Click here to view PV table. Calculate the net present value and profitability index of each project. If the net present value is negative, use either a negative sign preceding the number eg. -45 or parentheses eg. (45). Round present value answers to decimal places, eg. 125 and profitability index answers to 2 decimal places, eg. 15.52. For calculation purposes, use 5 decimal places as displayed in the factor table provided, eg. 1.25124) Project A flroject B Net present value $ $ Profitability index Which project should be accepted based on net present value? should be accepted. Which project should be accepted based on profitability index? should be accepted. e Textbook and Media