Edward Lewis is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Edward uses a 12% discount rate. Option 1 Option 2 Equipment purchase and installation $70,000 $81,880 Annual cash flow $28,200 $30,320 Equipment overhaul in year 6 $4,650 - Equipment overhaul in year 8 - $5,710 Click here to view the factor table. (a) Calculate the net present value of the two opportunities. (Round present value factor calculations to 4 decimal places, e.g. 1.2514 and the final answers to 0 decimal places, e.g. 59,991 .) A. Option 1 Option 2 Net present value Calculate the probability index of two opportunities Profitability index Option 1 Option 2