W Problem 16-19A (Algo) Using net present value and internal rate of return to evaluate Investment opportunities LO 16-2, 16-3 5901 Dwight Donovan the president of Balrd Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation, the machine is expected to have a useful life of three years and no salvage value. Project supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $118,000 and for Projects are $36.000. The annual expected cash inflows are $50,826 for Project A and $16,029 for Project B. Both investments are expected to provide cast flow benefits for the next three years Baird Enterprises desired rate of return is 6 percent. (PV Stand PVA St (Use appropriate factor(s) from the tables provided) Required a. Compute the nel present value of each project. Which project should be adopted based on the net present valve approach? b. Compute the approximate Internal rate of return of each project. Which one should be adopted based on the Internal rate of retum approach? Complete this question by entering your answers in the tabs below. Hequired A Required Compute the not present value of each project, which project should be adopted based on the net presentate approach Hound your final answers to 2 decimal places) Net Present Value Proy 1 of 3 Next > Ech for anything Saw ALL SLIDEOS factor(s) from the tables provided.) Required a. Compute the net present value of each project Which project should be adopted based on the net present value approach? b. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of retum approach? Complete this question by entering your answers in the tabs below. Required Required B Compute the net present value of each project. Which project should be adopted based on the net present value approach? (Round your final answers to 2 decimal places.) Net Present Value Project Project Which project should be adopted? Required B> 1 of 3 Nox! IN UNA CUDDUNLOP ICU OCULILL factor(s) from the tables provided.) Required a. Compute the net present value of each project. Which project should be adopted based on the net present va b. Compute the approximate internal rate of return of each project . Which one should be adopted based on the approach -40 Complete this question by entering your answers in the tabs below. Required A Required B es Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal retum approach? Internal Rate of Return Project A Project B Which project should be adopted?