Draconian Measures, Inc., is evaluating two independent projects. The company uses a 13.8 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table. What are their NPVs?

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Year Project S(8,425,375) S3,225,997 $1,775,882 $1.375,112 S1,176,558 $1,212,645 S1,582.156 $1,365,882 Proiect 2 S(11,368,000) $2,112,589 S3,787,552 $3,125.650 S4,115.899 S4,556,424 4