Matthew Young is evaluating two new business opportunities. Each of the opportunities shown below has a 15-year life. Matthew uses a 12% discount rate. Option 1 Option 2 Equipment purchase and installation $70,200 $82,000 Annual cash flow $27,300 $29,700 Equipment overhaul in year 6 $4,700 Equipment overhaul in year 8 $6,050 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, eg. 1.2514 and the final answers to 0 decimal places, eg. 59,991) Option 1 $ Net present value Option 2