Consider two mutually exclusive R&D projects that Savage Tech is considering. Assume the discount rate for both projects is 13 percent. Project A: 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. Project B: 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 O $695,000 $899,000 1 338,000 253,000 2 352,000 357,000 3 254,000 358,000 4 179,000 407,000 5 118,000 492,000 Complete the following table: (Do not round intermediate calculations. Enter the IRR as a percent. Round your profitability index (Pl) answers to 3 decimal places, e.g., 32.161, and other answers to 2 decimal places, e.g., 32.16.) X Answer is complete but not entirely correct. Project A 252,244.80 X Project B 405,928.58 X NPV $ $ IRR 28.98 X % 27.32 % PI 1.368 X 1.457 X