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McKnight Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $411,000, has an expected useful life of 11 years, a salvage value of zero, and is expected to increase net annual cash flows by $71,000. Project B will cost $273,000, has an expected useful life of 11 years, a salvage value of zero, and is expected to increase net annual cash flows by $48,800. A discount rate of 10% is appropriate for both projects.Click here to view PV table.

Compute the net present value and profitability index of each project.

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?

Project A

Project B

should be accepted.

Which project should be accepted based on profitability index?

Project B

Project A

should be accepted.