Problem 16-19 Using net present value and internal rate of return to evaluate investment opportunities LO 16-2, 16-3 Dwight Donovan, the president of Jordan Enterprises, is considering two investment opportunities. Because of limited resources, he will be able to invest in only one of them. Project A is to purchase a machine that will enable factory automation; the machine is expected to have a useful life of four years and no salvage value. Project B supports a training program that will limprove the skills of ok nt nces annual expected cash inflows are $34,880 for Project A and $10,865 for Project B. Both investments are expected to provide cash (s) from the tables provided.) Required a. Compute the net present value of each project. Which project should be adopted based on the net present value approach? $33.000. The for the next four years. Jordan Enterprises cost of capital is 8 percent. PV of $1 and PVA of S) (Use appropriate factor Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? a. Compute the net present value of each project. Which project should be adopted based on the net present value approach? b. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? Complete.this question by.entering.you r answers in the tabs below... Required A Required B Compute the net present value of each project. Which project should be adopted based on the net present value approach? (Round your intermediate calculations and final answers to 2 decimal places.) Net Present Value Project A Project B Which project should be adopted? ProjectA Required B a. Compute the net present value of each project. Which project should be adopted based on the net present value approach? b. Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? Required B Complete this .uvi by entering your answers in the tabs below. Required A RequiredB Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? Internal Rate of Re Project A Project B Which project should be adopted? ed E K Required A