(NPV, PL, 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 12 percent. The expected annual free cash inflows from each project are as follows: PROJECT A $50,000 12,000 12,000 12,000 12,000 12,000 12,000 PROJECT B $70,000 13,000 13,000 13,000 13,000 13,000 13,000 Initial outlay Inflow year1 Inflow year 2 Inflow year3 Inflow year4 Inflow year5 Inflow year 6 Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted