55. [LO 2.3] Marlin Company, a sole proprietorship owned by Miguel, must decide between two mutually exclusive projects because it lacks sufficient personnel to complete both projects. Each project takes two years to complete and the project selected will be Marlin Company's only source of taxable income for the two years. Miguel is single and expects to have ordinary taxable income from other sources each year of $50,000 (after subtracting his standard deduction). The first job would generate $360,000 of revenues in the first year and $80,000 in the second year. Marlin estimates that this job will incur $200,000 of expenses in the first year and $40,000 of expenses in the second year. The second job will generate $220,000 of revenues and $120,000 of expenses in each of the two years. (Ignore the qualified business income deduction.) Assuming a 7 percent discount rate, which project should Marlin accept