(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 $53,000 and the initial cash outlay associated with Project B is $72,000.

The discount rate on both projects is 11.1 percent. The expected annual cash flows from each project are as follows:

Year	Project A	Project B
0	$(53,000)	$(72,000)
1	11,000	12,000
2	11,000	12,000
3	11,000	12,000
4	11,000	12,000
5	11,000	12,000
6	11,000	12,000

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