the recommendation is based off each calculations, which project would be better

Finance for Managers MGT-325-0L01 Lindsey Muniak : | 03/30/20 12:06 PM Homework: Assignment 5 Save Score: 1.67 of 5 pts | 11 of 18 (18 complete) HW Score: 37.88%, 37.88 of 100 pts % Warm-Up 10-3 (similar to) Question Help O Axis Corp. is considering an investment in the best of two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost $52,500 and generate cash inflows of $25,000 per year for the next 3 years. Project Thompson involves replacement of the existing system; it will cost $240,000 and generate cash inflows of $55,000 per year for 6 years. Using a(n) 8.98% cost of capital, calculate each project's NPV, and make a recommendation based on your findings. The NPV of project Kelvin is $ . (Round to the nearest cent.)