Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost $52,500 and generate cash inflows of $24,500 per year for the next 3 years. Project Thompson replaces the existing system; it will cost $265,000 and generate cash inflows of $70,000 per year for 6 years. Using a(n) 11.88% cost of capital, calculate each project's NPV, and make a recommendation based on your findings. The NPV of project Kelvin is $ (Round to the nearest cent.) The NPV of project Thompson is $ (Round to the nearest cent.) Which project should the company choose? (Select the best answer below.)