Diye LULO-assign Google Translate C Log in to Clever eBook Show Me How Calculator Net Present Value-Unequal Lives Project 1 requires an original investment of $69,000. The project will yield cash flows of $10,000 per year for nine years. Project 2 has a calculated net present value of $16,500 over a seven-year life. Project 1 could be sold at the end of seven years for a price of $49,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below. Present Value of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.833 0.943 0.909 0.893 0.870 0.890 0.826 0.797 0.756 0.694 0.840 0.751 0.712 0.658 0.579 0.792 0.636 0.572 0.482 0.683 0.621 0.747 0.567 0.497 0.705 0.432 0.564 0.513 0.467 0.665 0.402 0.335 0.279 0.233 0.376 0.507 0.452 0.404 0.361 0.322 0.627 0.327 0.592 0.424 0.194 0.284 0.247 10 0.558 0.386 0.162 Present Value of an Annuity of $1 at Compound Interest 0 7 10:28 AM /31/2019 WV21 eBook 9 10 0 .592 0.558 Show Me How 0.424 0.361 0.386 0.322 Calculator 0.284 0.194 0.247 0.162 Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 1.833 1.736 1.690 1.626 1.528 2.673 2.487 2.402 2.283 2.106 3.465 3.170 3.037 2.855 2.589 4.212 3.791 3.605 3.352 2.991 4.355 4.111 3.784 3.326 4.917 5.582 4.868 4.564 4.160 3.605 6.210 5.335 4.968 4.487 3.837 6.802 5.759 5.328 4.772 4.031 10 7.360 6.145 5.650 5.0194.192 a. Determine the net present value of Project 1 over a seven-year life with residual value, assuming a minimum rate of return of 6%. If required, round to the nearest dollar. b. Which project provides the greatest net present value? Project 2 10:29 WV2