Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an

Axis Corp. is studying two mutually exclusive projects. Project Kelvin involves an overhaul of the existing​ system; it will cost ​$50 comma 000 and generate cash inflows of ​$25 comma 000 per year for the next 3 years. Project Thompson replaces the existing​ system; it will cost ​$265 comma 000 and generate cash inflows of ​$70 comma 000 per year for 6 years. Using​ a(n) 10.16​% cost of​ capital, calculate each​ project's NPV, and make a recommendation based on your findings.

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