Question 1 Wk. 2 - Prar: ' eztomheducationcom Wk 2 - Practice: Planning for Capital lnvestn1... 0 Saved Help Save 8. Exit Submit 1 Dwight Donovan, the president of Rooney 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 20 program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are polnts $117,000 and for Project 8 are $30,000. The annual expected cash inflows are $315,114 for Project A and $10,295 for Project B. Both investments are expected to provide cash flow benets for the next four years. Rooney Enterprises' desired rate of 5MP?!\" return is 8 percent IPV of $1 and PVA of $3 {Use appropriate factoris} from the tables provided.) Required Q a. Compute the net present value of each project. Which project should be adopted based on the net present value esmk approach? _ b. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate 5 of return approach? Prlnt El complete thle question Ivy entering your answers In the tabs below. References Compute the net pruient value of each project. Whlch project should be adopted based on the net present value approach? (Round your nal answers to 2 decimal places.) Which project should be adopted? Required B ) Required A Required B Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? Internal Rate of Return Project A % Project B Which project should be adopted?