**ACCOUNTING 2 QUESTION, 5 STARS FOR QUICK AND CORRECT ANSWER. THANKS!

Following is information on two alternative investments being considered by Jolee Company. The company requires a 10% return from its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1). (Use appropriate factor(s) from the tables provided.)

	Project A					Project B
Initial investment		$	(184,325	)			$	(160,960	)
Expected net cash flows in year:
1			51,000					30,000
2			55,000					47,000
3			90,295					60,000
4			77,400					82,000
5			56,000					32,000

1(a)	For each alternative project compute the net present value.

1(b)	For each alternative project compute the profitability index.