consider the following cash flows on two mutually exclusive projects both projects require an annual return of 17%.

Year deepwater fishing submarine ride

0 -$1,015,000 -$1,980,000

1 435,000 1,030,000

2 562,000 865,000

3 485,000 880,000

based on NPV, which project should i choose? Both of them, none of them, or one of them.