Question: Homework: Homework Ch 10 Save Score: 0 of 1 pt 2 of 7 (1 complete) HW Score: 9.52%, 0.67 of 7 pts Warm-Up 10-3 (similar

 Homework: Homework Ch 10 Save Score: 0 of 1 pt 2

Homework: Homework Ch 10 Save Score: 0 of 1 pt 2 of 7 (1 complete) HW Score: 9.52%, 0.67 of 7 pts Warm-Up 10-3 (similar to) Question Help Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing system; it will cost $55,000 and generate cash inflows of $25,000 per year for the next 3 years. Project Thompson replaces the existing system; it will cost $240,000 and generate cash inflows of $55,000 per year for 6 years. Using a(n) 11.38% 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.)

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