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 Rundle 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 $110,000 and for Project B are $42,000. The annual expected cash inflows are $28 280 for Project A and 11,651 for Project B. Both investments are expected to provide cash flow benefits for the next five years Rundle Enterprises desired rate of return is a percent of Si and PVA 15.1) (Use appropriate factor(s) 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? Required A Required B es 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? Required A Required B Compute the approximate internal rate of return of each project. Which one should be adopted based on the internal rate of return approach? Intomal Rate of Rotum Project Project B Which project should be adopted