Net Present Value-Unequal Lives Project 1 requires an original investment of $219,120. The project will yield cash flows of $74,000 per year for 7 years. Project 2 has a computed net present value of $25,700 over a 4 -year life. Project 1 could be sold at the end of 4 years for a price of $106,000. 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 Annuity of $1 at Compound Interest Present Value of an Annuitv of $1 at Compound Interest a. Determine the net present value of Project 1 over a 4-year life, with residual value, assuming a minimum rate of return of 20%. If required, round to the nearest dollar. x b. Which project provides the greatest net present value? Feedback Check My Work a. Add the present value of the annuity of cash flows at 20% for 4 years and the present value of the sale price at the end of 4 years. Subtract the amount to be invested