Your first assignment in your new position as assistant financial analyst at Caledonia Products is to evaluate two new capital-budgeting proposals. Because this is your first assignment, you have been asked not only to provide a recommendation but also to respond to a number of questions aimed at assessing your understanding of the capital-budgeting process. This is a standard procedure for all new financial analysts at Caledonia, and it will serve to determine whether you are moved directly into the capital-budgeting analysis department or are provided with remedial training. The memorandum you received outlining your assignment follows To: New Financial Analysts From: Mr. V. Morrison, CEO, Caledonia Products Re: Capital-Budgeting Analysis Provide an evaluation of two proposed projects, both with 5-year expected lives and i Caledonia's highly successful Avalon product line, and as a result, the required rate of cash flows from each project are shown in the popup window: EEB In evaluating these projects, please respond to the following questions Data Table PROJECTA PROJECT B Initial outlay Inflow year 1 Inflow year 2 Inflow year 3 Inflow year 4 Inflow year 5 -$110,000 30,000 40,000 30,000 50,000 60,000 -$110,000 40,000 40,000 40,000 40,000 40,000 g. What is the PI for project A? Round to three decimal places.) Caledonia should V project A because its PI is 1.00 less than Click to select your answer(s) Print Done greater than or equal to Save for Later