PRINTER VERSION BACK NE Problem 10.16 a-b (Solution Video) Blossom Industries is expanding its product line and its production capacity. The costs and expected cash flows of the two independent projects are given in the following table. The firm uses a discount rate of 17.80 percent for such projects. Year Product Line Expansion NO -$2,316,800 634,300 1,084,000 1,084,000 1,084,000 1,084,000 Production Capacity Expansion -$8,346,700 2,829,300 2,829,300 2,829,300 3,680,700 3,680,700 a. What are the NPVs of the two projects? (Enter negative amounts using negative sign, e.g. -45.25. Do not round discount factors. Round other intermedia calculations and final answer to o decimal places, e.g. 1,525.) NPV of product line expansion is NPV of production capacity expansion is b. Should both projects be accepted? or either? or neither? Explain your reasoning. Blossom should accep Click if you would lil both projects neither project only the product line expansion only the production capacity expansion En Show Work