Perit Industries has $120,000 to invest. The company is trying to decide between two alternative uses of the funds. The alternatives are Project A Project B Cost of equipment required Working capital investment required Annual cash inflows Salvage value of equipment in six years Life of the project 120,000 S 120,000 S 30,000 S 21,000 S 8,200 6 years 6 years The working capital needed for project B will be released at the end of six years for investment elsewhere. Pert Industries' discount rate is 15%. Click here to view Exhibit 8B-1 and Exhibit 8B-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? O Project B O Project A