Net Present Value Method, Internal Rate of Return Method, and Analysis The management of Quest Media Inc. is considering two capital Investment projects. The estimated net cash flows from each project are as follows: Year TV Station $560,000 560,000 560,000 560,000 Radio Station 310,000 310,000 310,000 310,000 Present Value of an Annuity of $1 at Compound Interest 6% Year 10% 12% 15% 20% 1 0.943 0.99 0.893 .870 0.833 2 1.833 1.736 1.690 1.626 1.528 3 2.673 2.487 2.402 2.283 2.106 3.465 3.170 3.037 2.8552.589 5 4.212 3.791 3.605 3.352 2.991 6 4.917 4.355 4.111 3.784 3.326 7 5.582 4.868 4.5644.160 3.605 8 6.210 5.3354.9684.487 3.837 9 6.802 5.759 5.328 4.772 4.031 7.360 6.145 5.650 5.019 4.192 10 The radio station requires an investment of $885,050, while the TV station requires an investment of $1,449,840. No residual value is expected from either project. Required: 1a. Compute the net present value for each project. Use a rate of 10% and the present value of an annuity of $1 in the table above. If required, use the minus sign to indicate a negative net present value. If required, round to the nearest whol dollar. TV Station Radio Station Present value of annual net cash flows Less amount to be invested Net present value Pc mpute a present value index for each project. If required, round your answers to two decimal places. 1b. Co Present Value Index Radio Station TV Station 2. Determine the internal rate of return for each project by (a) computing a present value factor for an annuity of (b) using the present value of an annuity of $1 in the table above. If reqired, round your present value factor answers to three decimal places and internal rate of return to the nearest whole percent. $1 and 1b. Compute a present value index for each project. If required, round your answers to two decimal places. Present Value Index Radio Station TV Station 2. Determine the internal rate of return for each project by (a) computing a present value factor for an annuity of $1 and three decimal places and internal rate of return to the nearest whole percent. (b) using the present value of an annuity of $1 in the table above. If required, round your present value factor answers to Radio Station TV Station Present value factor for an annuity of $1 Internal rate of return 3. The net present value, present value index, and internal rate of return all indicate that the better financial opportunity compared to the criterion of 10%. is a although both investments meet the minimum return