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You are considering two independent projects, Project A and Project B . The initial cash outlay associated with Project A is $ 5 2 comma

You are considering two independent projects, Project A and Project B. The initial cash outlay associated with Project A is $52 comma 000 and the initial cash outlay associated with Project B is $74 comma 000. The discount rate on both projects is 10.3 percent. The expected annual cash flows from each project are as follows:
Year Project A Project B
0(52000)(74000)
11200013000
21200013000
31200013000
41200013000
51200013000
61200013000
Calculate the NPV, PI, and IRR for each project and indicate if the project should be accepted or not.

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