(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 $45,000, and the initial cash outlay associated with project B is $65,000. 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 - Data Table w sl SU hould be because its NPV is BE (Click on the following icon in order to copy its contents into a spreadsheet) PROJECT A PROJECT B Initial Outlay - $45,000 - $65,000 Inflow year 1 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 (NPV, PI, and IRR calcutations) You are considering two independent projects, project A and project B. The initial cash outlay associated with project A a. What is the NPV of project A? (Round to the nearest cent.) What is the NPV of project B? (Round to the nearest cont) Based on the NPV criterion, project A should be because its NPV is and project B should be because its NPV is (Select from the drop-down menus.) b. What is the Pl of project A? (Round to three decimal places.) What is the plot project B? (Round to three decimal places) Based on the Pi criterion, project A should be because its Plis than 1,00 and project B should bo because its Plis than 100. (Select from the drop-down menus.) c. What is the IRR of project A? [% (Round to two decimal places.) What is the IRR of project B? I% (Round to two decimal places.) Based on the IRR criterion, project A should be because its IRR IS W than the expected rate of return and project B should be because its IRR IS than the expected rate of return. (Select from the drop-down menus.)