(Net present value, profitability index, and internal rate of return calculations)You are considering two independent projects, Project A and Project B. The initial cash outlay associated with Project A is $55,000 and the initial cash outlay associated with Project B is $66,000. The discount rate on both projects is 11.7 percent. The expected annual cash flows from each project are as follows:

Year	Project A	Project B
0	$(55,000)	$(66,000)
1	10,000	11,000
2	10,000	11,000
3	10,000	11,000
4	10,000	11,000
5	10,000	11,000
6	10,000	11,000

Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted or not.

a. The NPV of Project A is