be12.05 steps answers plz

Project 1 requires an original investment of $52,700. The project will yield cash flows of $8,000 per year for 7 years. Project 2 has a computed net present value of $10,500 over a five-year life. Project 1 could be sold at the end of five years for a price of $42,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below. Present Value of an Annuity of $1 at Compound Interest a. Determine the net present value of Project 1 over a five-year life with residual value, assuming a minimum rate of return of 6%. If required, round to the nearest dollar. b. Which project provides the greatest net present value