calculate the npv for both projects

b) A mining company in Ghana is considering investing into two projects with the following information: Project 1 requires an investment of GH3,000,000, an annual revenue of GH100,000 starting in year 2 and increasing by GH/2,500 per year till the end of the project. Project 2 requires an investment of GH/2,500,000, an annual revenue of GH/700,000 starting in year 5 and increasing by 7% per year till the end of the project. Calculate the NPV for both projects if the lifespan for both project is 12 years and the interest is 10% per year. (12 marks)