Question: please answer this Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system, it will cost $60,000 and

please answer this
please answer this Axis Corp. is studying two mutually exclusive projects. Project

Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system, it will cost $60,000 and generate cash inflows of $30,000 per year for the next 3 years. Project Thompson replaces the existing system; it will cost $245,000 and generate cash inflows of $55.000 per year for 6 years. Using a(n) 9.15% cost of capital, calculate each project's NPV, and make a recommendation based on your findings. The NPV of project Kelvin is $ (Round to the nearest cent)

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