(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 $68,000. The discount rate on both projects is 11.1 percent. The expected annual cash flows from each project are as follows: Year 0 Project A $(55,000) 9,000 9,000 9,000 9,000 9,000 9,000 Project B $(68,000) 10,000 10,000 10,000 10,000 10,000 10,000 6 Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted or not. a. The NPV of Project Ais (Round to the nearest cent.) The NPV of Project Bis $(Round to the nearest cent.) b. The PI of Project Ais (Round to two decimal places.) The Pl of Project B is. (Round to two decimal places.) c. The IRR of Project Ais %. (Round to two decimal places.) The IRR of Project Bis%. (Round to two decimal places.) d. Should the projects be accepted or not? (Select the best choice below.) O A. Only Project A should be accepted. OB. Neither Project A nor Project B should be accepted. OC. Both Project A and Project B should be accepted. OD. Only Project B should be accepted