Axis Corp. is studying two mutually exlusive projects.

Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system, it will cost $50,000 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 $70,000 per year for 6 years. Using a(n) 9.98% 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 $ 1)(Round to the nearest cent) Which project should the company choose? (Select the best answer below.) O A. Project Kelvin OB. Project Thompson OC. Neither