Net present value-unequal lives Project 1 requires an original investment of $124,100. The project will yield cash flows of $17,000 per year for 10 years. Project 2 has a computed net present value of $32,400 over a 8 -year life. Project 1 could be sold at the end of 8 years for a price of $76,000. 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 Comnound Totamat Present Value of an Annuity of $1 at Compound Interest Present Value of an Annuity of $1 at Compound Interest a. Determine the net present value of Project 1 over a 8-year life with residual value, assuming a minimum rate of return of 6%. If required, round to the nearest dollar. x b. Which project provides the greatest net present value