Exam Chapter 10 & 11 15 Saved Help Save & Exit Norwood, Inc., which has a hurdle rate of 14%, is considering three different independent investment opportunities. Each project has a seven-year life. The annual cash flows and initial investment for each of the projects are as follows: (Future Value of $1. Present Value of $1, Future Value Annuity of $1. Present Value Annuity of $1.) (Use appropriate factor from the PV tables.) Submit Annual cash flows Initial investment Project A Project B $131,620 $120,670 321,500 301.500 Project C $109,710 231,500 01-42:34 Sloped a. What is the present value of the annual cash flows for each of the three projects? (Round your answers to the nearest dollar amount.) Project A Project B Project C b. What is the net present value of each of the projects? (Round your intermediate calculations and final answers to the nearest dollar amount.) Project A Net Present Value Project B Project C