ssignment/takeAssignment Main.do?invoker=&take AssignmentSessionlocator=&inprogress=false Darling Enterprises is looking to invest in Project A or Project B. The data surrounding each project is provided below. Darling's cost of capital is 8%. Project A Project B This project requires an initial investment of This project requires an initial investment of $175,000. The project will have a life of 8 $135,000. The project will have a life of 7 years. Annual revenues associated with the years. Annual revenues associated with the project will be $130,000 and expenses project will be $111,000 and expenses associated with the project will be $35,000. associated with the project will be $60,000. Calculate the net present value and the present value index for each project using the present value tables provided below. Present Value of $1 (a single sum) at Compound Interest. Present Value of an Annuity of $1 at Compound Interesti Note: Use a minus sign to indicate a negative NPV. . If an amount is zero, enter "o". Enter the present value index to 2 decimals. Project A Project B Total present value of net cash flow 5 Amount to be invested 175,000 135,000 Net present value Amount to be invested 175,000 135,000 Net present value Present value index: Project A Project B Based upon net present value, which project has the more favorable profit prospects? Project A V Based upon present value index, which project is ranked higher? Project AV