using net present value and. internal rate of return

Problem 1619A( Algo) Using net present value and internal rate of return to o brivate invsingent opportunities LO 16-2, 16-3 Dwight Donovan, the president of Franklin Enterprises. is consideting two invesinent opportunilies, Because of limited resoutios, he will be able to invest in only one of them. Project A is to purchase a moch ine that will enable factory automation, the machine is expected to have a useful life of three years and no salvage value. Pio ect B supports a taining program that will improve the shis of employees operating the current equipment. Inital cash expenditures for Projett A are $106000 and for Project Bare 537000 The arinuai expected cash inflows are \$44.133 for Project A and \$15.937 for Project B. Both investmeats are expected lo provide cosh fow factorfs) from the tables provided.) a. Compute the net present value of each project Which project should be adopted based on the net present value appioact? b. Compute the approximate internal rate of return of each project. Which one should be adopted based on the intemal rate at return approach? Complete this question by entering your answers in the tabs below. compute the net present value of each project. Which project zhould be adopted based on the net present value apgraach? Compute the approximate internal rate of return of each project. Which one should be adopted based on the internai rite of return approach