Perit Industries has $115,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are: Project A S 115,000 Cost of equipment required Working capital investment required Annual cash inflows Salvage value of equipment in six years Life of the project S 115,000 S 69,000 $ 21,000 $ 8,700 6 years 6 years The working capital needed for pro ect B will be released at the end of six years for investment elsewhere. Pent industries discount rate is 15%, Click here to view Exhibit 88-1 and Exhibit 88-2, to determine the appropriate discount factor(s) using tables. Required a. Calculate net present value for each project Project A Project B Net present value b. Which investment alternative (if either) would you recommend that the company accept? Project B Project A