(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 11 percent. The expected annual free cash inflows from each project are on the table below. Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted.

	Project A	Project B
Initial Outlay	-$50,000	-$70,000
Inflow year 1	17,000	18,000
Inflow year 2	17,000	18,000
Inflow year 3	17,000	18,000
Inflow year 4	17,000	18,000
inflow year 5	17,000	18,000
inflow year 6	17,000	18,000

Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted.