2. Coastal Hospital is evaluating two capital investment projects for the upcoming year, each of which requires an up-front expenditure of $7.5 million. The expected net cash flows for each project are estimated as follows: Year Project 1 0 (7,500,000) 1 7,000,000 2 5,000,000 3 3,000,000 4 2,000,000 5 1,500,000 Project 2 (7,500,000) 1,500,000 2,000,000 3,000,000 5,000,000 7,000,000 a. b. d. What is the NPV for each project using a cost of capital of 17%? What is the NPV for each project using a cost of capital of 12%? At the 12% cost of capital rate, which project(s) should be accepted and why? At the 17% cost of capital rate, which project(s) should be accepted and why?