Bill Zimmerman is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life, Bill uses a 11% discount rate, Option 1 $70,200 $27.300 $4.700 Option 2 $82.000 $29,700 Equipment purchase and installation Annual cash flow Equipment overhaul in year 6 Equipment overhaul In year 8 $6,050 Click here to view the factor table. (a) * Your answer is incorrect. Calculate the net present value of the two opportunities. (Round present value factor calculations to 4 decimal places, eg. 1.2514 and the final answers to O decimal places, eg. 59,991.) Option 1 Option 2 $ 128625 $ Net present value 134195 e Textbook and Media