McKnight Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $523,048, has an expected useful life of 12 years, a salvage value of zero, and is expected to increase net annual cash flows by $72,100. Project Bvwill cost 357,512,has an expected useful life of 12 years, a salvage value of zero, and is expected to increase net annual cash flows by $ 50,400.A discount rate of 7% is appropriate for both projects. Click here to view, PV table. Compute the net present value and profitability index of each project. (of the net present value is negative, use either a negative sign the number eg 45 or parentheses eg (45). Round present value answers to 0 decimal places,e.g. 125 and profitability indlex decimal places,e.. 15.25. For calculation purposes, use 5 decimal places as displayed in the factor table provided 2 Net present value- Project A Profitability index-Project A Net present value Project B Profitability index- Project B 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