McKnight Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $489,035, has an expected useful life of 11 years, a salvage value of zero, and is expected to increase net annual cash flows by $71,800. Project B will cost $321,235, has an expected useful life of 11 years, a salvage value of zero, and is expected to increase net annual cash flows by $48,600. 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.