Problem 16-19A (Algo) Using net present value and internal rate of return to evaluate investment opportunities LO 16-2, 16-3 5 points Dwight Donovan, the president of Franklin 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 five years and no salvage value Project B supports a training program that will improve the skills of employees operating the current equipment. Initial cash expenditures for Project A are $117.000 and for Project are $49.000. The annual expected cash inflows are $30.864 for Project A and $13,593 for Project B. Both investments are expected to provide cash flow benefits for the next five years. Franklin Enterprises desired rate of return is 4 percent of 1 and PVA 03.3) (Use appropriate foctor(c) from the tables provided.) Required o. 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? Prin Complete this question by entering your answers in the tabs below. A Required A Required Compute the net present value of each project. Which project should be adopted based on the net present value approach? Mc Graw Hill Proy 1 of 2 Next > 1 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 your answers in the tabs below. pped 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.) BOOK rint Net Present Value Project A Project B Which project should be adopted? Required B > wo 1 Check my work 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 your answers in the tabs below. nts Ekipped Required A Required eBook Compute the approximate Internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? Print Internal Rate of Return hences Project A Project Which project should be adopted?