Problem 10-6 (similar to) 5 Question Help (NPV, PI, 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 11 percent. The expected annual free cash inflows from each project are in the popup window: Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted. a. What is the NPV of project A? d $ (Round to the nearest cent.) Data Table u Initial Outlay Inflow year 1 Inflow year 2 Inflow year 3 Inflow year 4 Inflow year 5 Inflow year 6 PROJECTA - $50,000 16,000 16,000 16,000 16,000 16,000 16,000 PROJECT B - $70,000 17,000 17,000 17,000 17,000 17,000 17,000 Print Done