Net Present Value-Unequal Lives Project 1 requires an original investment of $61,000. The project will yield cash flows of $15,000 per year for eight years. Project 2 has a calculated net present value of $14,800 over a six-year life. Project 1 could be sold at the end of six years for a price of $73,000 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 Year 10% 12% 15% 20% 6% 0.943 0.909 0.893 0.890 0.826 0.7970.7560.694 0.840 0.751 0.712 0.658 0.579 0.7920.683 0.636 0.572 0.482 0.7470.621 0.567 0.497 0.402 0.705 0.564 0.507 0.432 0.335 0.665 0.513 0.452 0.376 0.279 0.627 0.467 0.404 0.327 0.233 0.592 0.424 0.361 0.284 0.194 0.558 0.386 0.322 0.2470.162 0.870 0.833 10 Present Value of an Annuity of $1 at Compound Interest 6% 10% 12% 15% 20% 0.943 0.909 0.893 0.870 0.833 1.833 1.736 1.690 1.626 1.528 2.673 2.487 2.402 2.283 2.106 3.465 3.170 3.037 2.855 2.589 4.212 3.791 3.605 3.352 2.991 326 4.9174.355 41113.784