(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 $53,000 and the initial cash outlay associated with Project B is $72,000. The discount rate on both projects is 10.2 percent. The expected annual cash flows from each project are as follows:

Year Project A Project B 0 $(53,000) $(72,000) 1 $11,000 $12,000 2 $11,000 $12,000 3 $11,000 $12,000 4 $11,000 $12,000 5 $11,000 $12,000 6 $11,000 $12,000

Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted or not.