(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 $55,000 and the initial cash outlay associated with Project B is $74,000. The discount rate on both projects is 10.4 percent. The expected annual cash flows from each project are as follows: Year Project A 0 $(55,000) Project B $(74,000) 1 11,000 12,000 11,000 12,000 3 11,000 12,000 4 11,000 12,000 5 11,000 12,000 6 11,000 12,000 (Click on the icon in order to copy its contents into a spreadsheet.) Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted or not. a. The NPV of Project A is $ The NPV of Project B is $ b. The Pl of Project A is The Pl of Project B is (Round to the nearest cent.) (Round to the nearest cent.) (Round to two decimal places.) (Round to two decimal places.) c. The IRR of Project A is %. (Round to two decimal places.) The IRR of Project B is %. (Round to two decimal places.) d. Should the projects be accepted or not? (Select the best choice below.) A. Only Project A should be accepted. B. Both Project A and Project B should be accepted. C. Only Project B should be accepted. D. Neither Project A nor Project B should be accepted.