Monty Company is considering two new projects, each requiring an equipment investment of $99,000. Each project will last for three years and produce the following cash flows: Year Hot Cool $39.000 1 2 44,000 $43,000 43,000 43,000 $129.000 3 49.000 132,000 The equipment will have no salvage value at the end of its three-year life. Monty Company uses straight-line depreciation and requires a minimum rate of return of 12% Present value data are as follows: Present Value of 1 Period 12% 1 0.89286 2 0.79719 3 0.71178 Present Value of an Annuity of 1 Present Value of an Annuity of 1 Period 12% 1 0.89286 2 1.69005 3 2.40183 Click here to view PV tables Your answer is incorrect Compute the net present value of each project. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answers to o decimal places, eg,5,275.) Project Cool Project Hot Net present value $ eTextbook and Media