please answer both part a and part b of the question!

Dwight Donovan, the president of Vemon Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of three years and no salvage value. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $105,000 and for Project B are $35,000. The annual expected cash inflows are $49,846 for Project A and $15,584 for Project B. Both investments are expected to provide cash flow benefits for the next three years. Vernon Enterprises' desired rate of return is 6 percent. (PV of \$1 and PVA of \$1) Note: Use appropriate factor(s) from the tables provided. Required a. Compute the net present value of each project. Which project should be adopted bosed on the net present value approsch? b. Compute the approximate internal rate of return of each project. Which orie should be adopted based on the internal rate of return approach? Complete this question by entering your answers in the tabs below. Compute the net present value of each project. Which project should be adopted based on the net present value approach? Notes Round your finol answers to 2 decimal pioces. . Compute the net present value of each project. Which project should be adopted based on the net present value approach? b. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of retur approach? Complete this question by entering your answers in the tabs below. Compute the net present value of each project. Which project should be adopted based on the net present value approach? Note: Round your final answers to 2 decimal places. Compute the net present value of each project. Which project should be adopted based on the net present value approach? . Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of n approach? X Answer is not complete. Complete this question by entering your answers In the tabs below. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rote of return approach