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Blue Spruce Company has hired a consultant to propose a way to increase the company's revenues. The consultant has evaluated two mutually exclusive projects with

Blue Spruce Company has hired a consultant to propose a way to increase the company's revenues. The consultant has evaluated two mutually exclusive projects with the following information provided for each: Project Turtle Project Snake $1,225,000 Capital investment $745,000 Annual cash flows 204,000 129,000 Estimated useful life 10 years 10 years Blue Spruce Company uses a discount rate of 9% to evaluate both projects. Click here to view PV tables (a) Calculate the net present value of both projects. (Use the above table.) (Round factor values to 5 decimal places, e.g. 1.25124 and final answers to O decimal places, e.g. 5,275.) Project Turtle Net present value: HA Project Snake

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