Carmen, Inc., which has a hurdle rate of 10%, is considering three different independent investment opportunities. Each project has a five-year life. The annual cash flows and initial investment for each of the projects are as follows: (Future Value of $1. Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables.) Annual cash flows Initial investment Project A $116,334 180,000 Project B Project C $ 56,125 108,000 $100,005 170,000 a. What is the present value of the annual cash flows for each of the three projects? (Round your answers to the nearest dollar amount.) Present Value Project A $ 440,999 Project B $ 212,759 Project C $ 379,099 b. What is the net present value of each of the projects? (Round your intermediate calculations and final answers to the nearest dollar amount.) Net Present Value Project A $ 260,999 Project B $ 104,759 Project C $ 209,099 < Prev 8 of 8 Next