Net Present Value-Unequal Lives Project 1 requires an original investment of $27,300. The project will yield cash fiows of $7,000 per year for seven years. Project 2 has a calculated net present value of $6,900 over a five-year life. Project 1 could be sold at the end of five years for a price of $35,000. 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 an Annuitv of $1 at Compound Interest a. Determine the net present value of Project 1 over-a five-year life with residual value, assuming a minimum rate of return of 20%, If required, round to the nearest doliar. b. Which project provides the greatest net present value