1A) Calculate the Net Present Value of both investments below. Next, based on NPV, which project would you recommend?

1B) Calculate the Net Present Value of both investments below. Next, based on NPV, which project would you recommend?

38 Annual discount rate Project 1 10000 Initial investment cost 2100 Return from year 1 2400 Return from year 2 2900 Return from year 3 3500 - Return from year 4 4500 Return from year 5 Project 2 10000 - Initial investment cost 4200 - Return from year 1 3500 Return from year 2 2700 Return from year 3 2300 Return from year 4 2100 Return from year 5 58 - Annual discount rate Project 1 10000 - Initial investment cost 2100 - Return from year 1 2400 - Return from year 2 2900 Return from year 3 3500 Return from year 4 4500 Return from year 5