Problem 2 Dwight Schrute, the president of B.E.E.T. 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 greater processing efficiency; the machine is expected to have a useful life of 7 years and a salvage value of $3,000. Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for project A are $460,000 and for project B are $200,000. The annual expected cash inflows are $91,000 for project A and $41,000 for project B. Project A is expected to provide cash flow benefits for 7 years while Project B is expected to provide cash flow benefits for 10 years. B.E.E.T. Enterprise's cost of capital is 8 percent. Required: Compute the net present value of each project. Indicate the n and i that should be used to compute the time value of money. Round your computations to two decimal places. Based on the net present value approach, which project should be adopted? Project Computations NPV n = A A i = = no B i = = Which project should B.E.E.T. accept