Problem 16-19A (Algo) 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. ne will be able to invest in only one of them. Project Ass to purchase a machine that will enable factory automation the machines expected to have a useful life of five years and no salvage value. Project B supports a training program that will improve the skins of employees operating the current equipment, initial cash expenditures for Project A are $104.000 and for Project are 512000 The annual expected cash flows are $26738 for Project A and $11929 for Project Both investments are expected to provide cachow benefits for the next five years. Jordan Enterprises desired rate of return is a percent and PYAS (Use appropriate factor(s) from the tobles provided) Required 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 retum approach? Complete this question by entering your 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 final answers to 2 decimal places.) Net Present Value Project A Project B Which project should be adopted? Complete this question by entering your answers in the tabs below. Required A Required B Compute the approximate internal rate of retum of each project. Which one should be adopted based on the internal rate of return approach Internal Rote of Return Project Project B which project should be adopted?