(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 $50,000, and the initial cash outlay associated with project B is $70,000. The required rate of return on both projects is 9 percent. The expected annual free cash inflows from each project are in the popup window: E. 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.) - X Data Table (Click on the following icon in order to copy its contents into a spreadsheet.) Initial Outlay Inflow year Inflow year Inflow year 3 Inflow year 4 Inflow year 5 Inflow year 6 PROJECTA - $50,000 18,000 18,000 18,000 18.000 18.000 18,000 PROJECT B - $70,000 19,000 19.000 19,000 19,000 19,000 19,000 Print Done