Problem 24-4A (Algo) Applying net present value and profitability index LO P3

Rowan Company is considering two alternative investment projects. Each requires a $268,000 initial investment. Project A is expected to generate net cash flows of $78,000 per year over the next six years. Project B is expected to generate net cash flows of $68,000 per year over the next seven years. Management requires an 10% rate of return on its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Compute each projects net present value. 2. Compute each projects profitability index. 3. If the company can choose only one project, which should it choose, based on profitability index?

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