Question: Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost $15,000 and generate cash inflows

Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost $15,000 and generate cash inflows of $15,000 per year for the next 3 years. Project Thompson replaces the existing system; it will cost $215,000 and generate cash inflows of $50,000 per year for 6 years. Using a(n) 8.01% cost of capital, calculate each project's NPV, and make a recommendation based on your findings
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