Consider two mutually exclusive R&D projects that Savage Tech is considering. Assume the discount rate for both projects is 8 percent. Project A: Project B: Server CPU 13 micron processing project By shrinking the die size to 13 micron, the company will be able to offer server CPU chips with lower power consumption and heat generation, meaning faster CPUs. New telecom chip project Entry into this industry will require introduction of a new chip for cell phones. The know-how will require a large amount of up-front capital, but success of the project will lead to large cash flows later on. Year Project A Project B 0 -$755,000 - $965,000 1 350,000 265,000 2 370,000 375,000 345 260,000 370,000 185,000 423,000 130,000 510,000 Complete the following table: (Do not round intermediate calculations. Enter the IRR as a percent. Round your profitability index (PI) answers to 3 decimal places, e.g., 32.161, and other answers to 2 decimal places, e.g., 32.16.) NPV IRR PI Project A % Project B %