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I need help with this question. Thank you Net Present Volue-Unequal Lives Project 1 requires an original investment of $55,000. The project will yield cash

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Net Present Volue-Unequal Lives Project 1 requires an original investment of $55,000. The project will yield cash flows of $15,000 per year for seven years. Project 2 has a calculated net present value of $5,000 over a four-year life. Project 1 could be sold at the end of four years for a price of $38,000. 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 Present Value of an Annuity of $1 at Compound Interest Present Value of an Annuity of \$1 at Compound Interest a. Determine the net present value of Project 1 over a four-year life, with residual value, assuming a minimum rate of return of 20%. If required, round to the nearest dollar: b. Which project provides the greatest net present value

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