Brief Exercise 24-5 Your answer is partially correct. Try again McKnight Company is considering two different, mutually exclusive capital expenditure proposals Project A will cost $532,898, has an expected useful life of 15 years, a salvage value of zero, and is expected to increase net annual cash flows by $72,300. Project B will cost $365,983, has an expected useful life of 15 years, a salvage value of zero, and is expected to increase net annual cash flows by $50,800. A discount rate of 9% is appropriate for both projects. Click here to view Compute the net present value and profitability index of each project. (If the net present value is negative, use either a negative sign preceding the number eg -45 or parentheses eg (45). Round present value answers to 0 decimal places, e.g. 125 and profitability index answers to 2 decimal places, e.g. 15.25. For calculation purposes, use 5 decimal places as displayed in the factor table provided.) Net present value - Project A Profitability index - Project A Net present value - Project B Profitability index - Project B Which project should be accepted based on Net Present Value? roject A should be accepted Which project should be accepted based on profitability index? Project Bshould be accepted Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT LINK TO TEXT INTERACTIVE TUTORIALINTERACTIVE TUTORIAL Question Attempts: 1 of 15 used