EXERCISE 10-2 Performing NPV Analyses of Competing Projects [LO2 - CC8] Perrot Industries has $325,000 to invest. The company is trying to decide between two alternative uses of the funds, The alternatives follow: Project B Cost of equipment required $325,000 Working capital investment required $325,000 Annual cash inflows 67,650 54,400 Salvage value of equipment in six years 21,200 Life of the project 6 years 6 years The working capital needed for project B will be released at the end of six years for investment elsewhere. Perrot Industries' discount rate is 14%. Required: Which investment alternative (if either) would you recommend that the company accept? Show all computations using the NPV method. Prepare a separate computation for each project