Maxima Construction is considering 2 long- term capital investment projects. Each investment has a useful life of 6 years. Relevant data for each project follows: Project A Project B Capital $ 200,000 $ 220,000 Investment Annual Profit $ 25,000 $ 22,000 Additional Information: Depreciation is calculated by the straight-line method with no residual (salvage) value. The company's cost of capital rate is 10%. Refer to the excerpts of the Present Value Tables provided below. Required: 1. Compute the net present value for each project. (Round to nearest dollar) (2 marks per project, 4 marks total) 2. Which Project would you recommend and why? (2 marks) marks per project, 4 marks total) Which Project would you recommend and why? (2 marks) your work must be clearly labelled and ut so that the marker can follow and grade Iculations must be shown using the ving symbols: add (+), subtract (-), multiply vide (1) Present Value (PV) of $1 2% 4% 6% 8% 10% 0.98039 0.96154 0.94340 0.92593 0.90909 0.96117 0.92456 0.89000 0.85734 0.82645 0.94232 0.88900 0.83962 0.79383 0.75131 0.92385 0.85480 0.79209 0.73503 0.68301 0.90573 0.82193 0.74726 0.68058 0.62092 0.88797 0.79031 0.70496 0.63017 0.56447 0.87056 0.75992 0.66506 0.58349 0.51316 0.85349 0.73069 0.62741 0.54027 0.46651 0.83676 0.70259 0.59190 0.50025 0.42410 0.82035 0.67556 0.55839 0.46319 0.38554 Present Value (PV) of an Annuity of $1 2% 4% 6% 8% 10% 0.98039 0.96154 0.94340 0.92593 0.90909 1.94156 1.88609 1.83339 1.78326 1.73554 2.88388 2.77509 2.67301 2.57710 2.48685 3.80773 3.62990 3.46511 3.31213 3.16987 4.71346 4.45182 4.21236 3.99271 3.79079 5.60143 5.24214 4.91732 4.62288 4.35526 6.47199 6.00205 5.58238 5.20637 4.86842 7.32548 6.73274 6.20979 5.74664 5.33493 8.16224 7.43533 6.80169 6.24689 5.75902 8.98259 8.11090 7.36009 6.71008 6.14457