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(Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) Torc Inc. has two mutually exclusive

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(Do not round intermediate calculations. Round the final answers to 2 decimal places. Omit $ sign in your response.) Torc Inc. has two mutually exclusive projects with the following cash flows: Year Project 1 Project 2 83,500 -56,000 35,000 15,000 2 26,000 19.000 3 25,000 21,000 4 23.000 22,000 1 If these projects have a required return of 7%, calculate the NPV of these two projects. NPV of Project 1 = $ NPV of Project 2 =$

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