NEED HELP ASAP, PLEASE FIND THE TABLE BELOW AS WELL.

Dwight Donovan, the president of Stuart Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $105,000 and for Project, B is $39,000. The annual expected cash inflows are $26,995 for Project A and $11,911 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Stuart Enterprises cost of capital is 6 Percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.)

Required

a). Compute the net present value of each project. Which project should be adopted based on the net present value approach?

b). Compute the approximate internal rate of return for each project. Which one should be adopted based on the internal rate of return approach?

TABLE 2 PRESENT VALUE OF AN ANNUITY OF $1 4% 5 6% 798 0.961538 0.952381 0.943396 0.934529 2 1.886095 1.659410 1.033393 1.008018 2.725091 2.723248 2.673012 2.624316 3.629895 3.545951 3.465106 3.387211 5 4.451822 4.329477 4.212364 4.100197 6 5.242137 5,075692 4.917324 4.766540 7 6.002055 5.786373 5.582381 5.399289 8 6.732745 6.463213 6.209794 5.971299 9 7.435332 7.107822 6.801692 6.515232 10 8.110896 7.721735 7.360087 7.023582 11 8.760477 8.306414 7.806875 7.499524 12 9.385074 8.863252 8.383844 7.942686 13 9.985648 9.393573 8.852683 8.357651 14 10.563123 9.898641 9.294984 5.745468 15 11.118387 10.379658 9.712249 9.102914 16 11.652296 10.837770 10.105895 9.446649 17 12.165669 11:274066 10.477260 9.763223 18 12.659297 11.689582 10.027603 10.059087 19 13.133939 12.085321 11.158116 10.335595 20 13.590326 12.462210 11.469921 10.594014 8% 0.925926 1.783265 2.572092 3.312127 3.992710 4.622880 5.206370 5.746639 6.246888 6.710081 7.138964 7.536078 7.903776 8.244237 8.559479 8,851369 9.121638 9.371887 9.603599 9.818147 99% 10% 0.917431 0.909091 1.759111 1.235537 2.531295 2.486852 3.239720 3.169865 3.889651 3.790787 4.485919 4.355261 5.032953 4.868419 5.534819 5.334926 5.995247 5.759024 6.417658 6.144567 6.805191 6.495061 7.160725 6.813692 7.486904 7.103356 7.786150 7.366687 8,060688 7.606080 8.312558 7.823709 8.543631 8.021553 8.755625 8.201412 8.905115 8.364920 9.128546 8.513564 129 0.892857 1.690051 2.401831 3.037349 3.604776 4.111407 4.563757 4.967640 5.328250 5.650223 5.937699 6.194374 6.423548 6.628168 6.810864 6.973986 7.119630 7.249670 7.365722 7.469444 14% 0.877193 1.646661 2321632 2.913712 3.433081 3.888666 4.288305 4.638864 4.946372 5.216116 5.452733 5.660292 5.842362 6.002072 6.142168 6.265060 6.372859 6.467420 6.550369 6.623131 16% 204 0.862069 0.833333 1.605232 1.527778 2.245899 2.106481 2.798181 2.588735 3.274294 2.990612 3.684736 3.325510 4.038565 3.604592 4.343591 3.837160 4.606544 4,030967 4.833227 4.192472 5.028644 4.327060 5.197107 4.439217 5.342334 4.532681 5.467529 4.610567 5.575456 4.675473 5.668497 4.729561 5.748704 4.774634 5,817848 4.812195 5.877455 4.843496 5.928841 4.869580 n TABLE 1 PRESENT VALUE OF 4% 5% 6% 7% 8% 9% 10% 12% 14% 16% 20% 1 0.961538 0.952381 0.943396 0.934579 0.925926 0.917431 0.909091 0.892857 0.877193 0.862069 0.833333 2 0.924556 0.907029 0.889996 0.873439 0.857339 0.841680 0.826446 0.797194 0.769468 0.743163 0.694444 0.888996 0.863838 0.839619 0.816298 0.293832 0.772183 0.751315 0.711780 0.674972 0.640658 0.578704 4 0.854804 0.822702 0.792094 0.762895 0.735030 0.708425 0.683013 0.635518 0.592080 0.552291 0.482253 5 0.821927 0.783526 0.747258 0.712986 0.680583 0.649931 0.620921 0.567427 0.519369 0.476113 0.401878 6 0.790315 0.746215 0.704961 0.666342 0.630170 0.596267 0.564474 0.506631 0.455587 0.410442 0.334898 7 7 0.759918 "0.710681 0.665057 0.622750 0.583490 0.547034 0.513158 0.452349 0.399637 0.353830 0.279082 B 0.730690 0.676839 0.627412 0.582009 0.540269 0.501866 0.466507 0.403883 0.350559 0.305025 0.232568 9 0.702587 0.644609 0.591898 0.543934 0.500249 0.460428 0.424098 0.360610 0.307509 0.262953 0.193807 10 0.675564 0.613913 0.558395 0.508349 0.463193 0.422411 0385543 0.321973 0.269744 0.226684 0.161506 110.649581 0.584679 0.526788 0.475093 0.428883 0.387533 0.350494 0.287476 0.236617 0.195417 0.134588 12 0.624597 0.556837 0.496969 0.444012 0.397114 0.355535 0.318631 0.256675 0.207559 0.168463 0.112157 13 0.600574 0.530321 0.468839 0.414964 0.367698 0.326179 0.289664 0.229174 0.182069 0.145227 0.093464 14 0.577475 0.505068 0.442301 0.387817 0.340461 0.299246 0.263331 0.204620 0.159710 0.125195 0.077887 15 0.555265 0.481017 0.417265 0.362446 0.315242 0:274538 0.239392 0.182696 0.140096 0.107927 0.064905 16 0.533908 0.458112 0.393646 0.338735 0.291390 0.251870 0.217629 0.163122 0.122892 0.093041 0.054088 17 0.513373 0.436297_ 0.371364 0.316574 0.270269 0.231073 0.197845 0.145644 0.107800 0.080207 0.045073 18 0.493628 0.415521 0.350344 0.295864 0.250249 0.211994 0.179859 0.130040 0.094561 0.069144 0.037561 19 0.474642 0:39S734 0.330513 0.276508 0.231712 0.194490 0.163508 0.116107 0.062948 0.059607 0.031301 20 0.456387 0.376889 0.311805 0.258419 0.214548 0.178431 0.143644 0.103667 0.072762 0.051385 0.026094