$($Related to Checkpoint $11\mathrm{.}1,$ Checkpoint $11\mathrm{.}3,$ and Checkpoint $11\mathrm{.}4)($Net present value, profitability index, and internal rate of return calculations$)$ You are considering two independent projects, Project A and Project B$.$ The initial cash outlay associated with Project A is $$56,000$ and the initial cash outlay associated with Project B is $$74,000.$ The discount rate on both projects is $10\mathrm{.}7$ percent. The expected annual cash flows from each project are as follows:

$\backslash$table$[[$Year$,$Project $A,$Project B$],[0,$$$(56,000),$$$(74,000)$