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give correct answers = thumbs up Blue Spruce Company is considering two capital investment proposals. Relevant data on each project are as follows: Depreciation is

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Blue Spruce Company is considering two capital investment proposals. Relevant data on each project are as follows: Depreciation is computed by the straight-line method with no salvage value. Blue Spruce requires an 8% rate of return on all new investments. The present value of 1 for 8 periods at 8% is 0.54027 and the present value of an annuity of 1 for 8 periods is 5.74664. Compute the net present value for each project. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answers to 0 decimal places, e.g. 5,275.) Compute the annual rate of return for each project. (Round answers to 1 decimal place, eg. 15.2.) (d). Which project should Blue Spruce select

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