(NPV, PI, and IRR calculations) You are considering two independent projects, project A and project B. The initial cash outlay associated with project A is $60,000, and the initial cash outlay associated with project B is $80,000. The required rate of return on both projects is 10 percent. The expected annual free cash inflows from each project are in the popup window: Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted. ONAL Data table thnolo (Click on the following icon in order to copy its contents into a spreadsheet.) PROJECT A PROJECT B Initial Outlay - $60,000 - $80,000 Inflow year 11 16,000 17,000 Inflow year 2 16,000 17,000 Inflow year 3 16,000 17,000 Inflow year 4 16,000 17,000 Inflow year 5 16,000 17,000 Inflow year 6 16,000 17,000 a. Wh What Next Politics E) collectic a. What is the NPV of project A? (Round to the nearest cent.) What is the NPV of project B? (Round to the nearest cent.) Based on the NPV criterion, project A should be because its NPV is b. What is the PI of project A? (Round to three decimal places.) 4 because its NPV is (Select from the drop-down menus.) and project B should be What is the P/ of project B? (Round to three decimal places.) Based on the PI criterion, project A should be because its Pl is c. What is the IRR of project A? % (Round to two decimal places.) What is the IRR of project B? % (Round to two decimal places.) because its Pl is than 1.00. (Select from the drop-down menus.) than 1.00 and project B should be Based on the IRR criterion, project A should be and project B should be drop-down menus.) because its IRR is because its IRR is than the expected rate of return than the expected rate of return. (Select from the Time Remaining: 02:11:11 Next