1. Use Table 1 to answer the following questions: [100 points] (a) Calculate the Net Present Value of each project, and determine which of the two projects will you recommend for implementation? Why? (b) Calculate the Rate of Return for each project, and determine which of the two projects will you recommend? Why? Table 1: Life-Cycle Analysis Data Project A Project B Capital cost = $10,000,000 Capital cost = $9,500,000 Annual Operation & Maintenance cost = Annual Operation & Maintenance cost = $500,000 $350,000 Reduction in Annual User cost = Reduction in Annual User cost = $5,000,000 $4,000,000 Project life = 30 years Project life = 25 years Discount rate = 4% Discount rate = 5% Salvage value = $3,500,000 Salvage value = $3,000,000