Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost

$55,000 and generate cash inflows of $25,000 per year for the next 3 years. Project Thompson replaces the existing system; it will cost $265,000 and generate cash inflows of $65,000 per year for 6 years.

Using a(n) 8.46% cost of capital,

calculate each project's NPV,

and make a recommendation based on your findings.

PLEASE HELP!!! will thumbs up