Rowan Company is considering two alternative investment projects. Each requires a $252,000 Initial investment. Project A is expected to generate net cash flows of $62,000 per year over the next six years. Project B is expected to generate net cash flows of $52,000 per year over the next seven years. Management requires an 8% rate of return on its investments. (PV of $1. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Compute each project's net present value. 2. Compute each project's profitability index. 3. If the company can choose only one project, which should it choose, based on profitability index?