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Please help me with my accounting homework question. I am going to upload two pictures but they're part of the same multi-part question. It has

Please help me with my accounting homework question. I am going to upload two pictures but they're part of the same multi-part question. It has a part A and an part B. I couldnt get both parts in one screenshot so please answer both parts as the rules require. image text in transcribedimage text in transcribed

Problem 16-19 Using net present value and internal rate of return to evaluate investment opportunities LO 16-2, 16-3 Dwight Donovan, the president of Finch 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 four 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 $101,000 and for Project B are $49,000. The annual expected cash inflows are $39,015 for Project A and $16,817 for Project B. Both investments are expected to provide cash flow benefits for the next four years. Finch Enterprises' cost of capital is 6 percent. (PV of $1 and PVA of $1) (Use appropriate factor(s) from the tables provided.) Required a. 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 return approach? Complete this question by entering your answers in the tabs below. Required A Required B Compute the net present value of each project. Which project should be adopted based on the net present value approach? (Round your intermediate calculations and final answers to 2 decimal places.) Net Present Value Project A Which project should be adopted? Required A Required B>

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