Cheyenne Company is considering two new projects, each requiring an equipment Investment of $98.500. Each project will last for three years and produce the following cash flows Year Cool Hot 1 $38,500 $42,500 2 43,500 42.500 3 48,500 42.500 130,500 $127.500 The equipment will have no salvage value at the end of its thre e-year life. Cheyenne Company uses straight-line depreciation and requires a minimum rate of return of 12%. Present value data are as follows: Present Value of 1 Perlod 12% 1 0.89286 2 0.79719 3 0.71178 Present Value of an Annulty of 1 Period 12% 0.89286 2 1.69005 240183 Click here to view PV tables (a) Compute the net present value of each project. For calculation purposes use 5 decimal places as displayed in the factor table provided Round answers to O decimal places, eg 5.275) Net present value $ Project Cool Project Hot