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( Related to Checkpoint 1 1 . 1 , Checkpoint 1 1 . 3 , and Checkpoint 1 1 . 4 ) ( Net present

(Related to Checkpoint 11.1, Checkpoint 11.3, and Checkpoint 11.4)(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 $68,000. The discount rate on both projects is 11.1 percent. The expected annual cash flows from each project are as follows:
\table[[Year,Project A,Project B],[0,$(56,000),$(68,000)
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