(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 $55,000, and the initial cash outlay associated with project B is $75,000. The required rate of return on both projects is 12 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. ... a. What is the NPV of project A? (Round to the nearest cent.) What is the NPV of project B? Data table $ (Round to the nearest cent.) Based on the NPV criterion, project A should be accepted because its NPV is positive and project B should be rejected because its NPV is negative (Select from the drop-down menus.) b. What is the PI of project A? PROJECT A - $55,000 15,000 15,000 15,000 15,000 15,000 15,000 Initial Outlay Inflow year 1 Inflow year 2 Inflow year 3 Inflow year 4 Inflow year 5 Inflow year 6 PROJECT B - $75,000 16,000 16,000 16,000 16,000 16,000 16,000 (Round to three decimal places.) What is the PI of project B? (Round to three decimal places.) Based on the Pl criterion, project A should be rejected because its Pl is less than 1.00 and project B should be accepted because its Pl is greater than 1.00. (Select from the drop-down menus.) c. What is the IRR of project A? Print Done % (Round to two decimal places.) What is the IRR of project B? % (Round to two decimal places.) Based on the IRR criterion, project A should be rejected because its IRR is less than the expected rate of return and project B should be rejected because its IRR is less than the expected rate of return. (Select from the drop-down menus.)