Question 4 Mcknight Company is considering two different, mutually exclusive capital expenditure proposals. Project A will cost $461,000, has an expected us we of 11 years, a salvage value of zero, and is expected to increase net annual cash flows by $68,000. Project will cost $297,000, has an expected useful life of 11 years, a salvage value of tro, and is expected to increase net annual cash flows by $45,000. A discount rate of 7% is appropriate for both projects. Click here to view table Compute the net present value and profitability index of each project. If the net present value is negative, use either a negative si ponding the bereg 15 or parentheses og (45). Round present value answers to o decimal places, U. 125 and profitability index answers to 2 decimal places, 0.15.25. For calculation purposes, use decimal places as displayed in the factor table provided) Net present value - Project A Profitability Index - Project A Net present value - Project B Profitability index - Project B Which project should be accepted based on Net Present Value? should be accepted. Which project should be accepted based on profitability index? should be accepted. ork for this question: Open Show Work