1. A company that makes coatings for baking pans is considering the independent projects shown below, all of which can be considered to be viable for only 10 years. If the company's interest rte is 12% per year, determine which should be selected on the basis of a present worth analysis. Financial values are in $1,000 units. First cost, S Annual net revenue, S/year Salvage value, S -1,600 400 -1,700 800 4,000 1,500 -7,500 1,400