Net present value-unequal lives Project 1 requires an original investment of $79,400. The project will yield cash flows of $16,000 per year for 5 years. Project 2 has a computed net present value of $15,800 over a 3 -year life. Project 1 could be sold at the end of 3 years for a price of $82,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below. a. Determine the net present value of Project 1 over a 3 -year life with residual value, assuming a minimum rate of return of 12%, If required, round to the nearest dollar. 1 b. Which project provides the greatest net present value