2. The management of FICSIT Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows: The wind turbines require an investment of $877,600, while the biofuel equipment requires an investment of $910,000. No residual value is expected from either project. blem 2 Instructions a. Compute the following for each project: i. The net present value. Use a rate of 6% and the present value of an annuity of $1 table appearing in this chapter (Exhibit 5). ii. A present value index. (Round to two decimal places.) b. Determine the internal rate of return for each project by: i. computing a present value factor for an annuity of $1 and ii. using the present value of an annuity of $1 table appearing in this chapter (Exhibit 5). c. What advantage does the internal rate of return method have over the net present value method in comparing projects