Net Present Value-Unequal Lives Project 1 requires an original investment of $104,100. The project will yield cash flows of $17,000 per year for seven years. Project 2 has a calculated net present value of $25,800 over a five-year life. Project 1 could be sold at the end of five years for a price of $74,000. 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 6% 10% 0.943 0.909 15% 0.870 0.756 20% 0.833 0.694 0.826 0.890 0.840 0.792 0.658 0.579 COUW 0.572 0.497 0.432 12% 0.893 0.797 0.712 0.636 0.567 0.507 0.452 0.404 0.361 0.322 0.751 0.683 0.621 0.564 0.513 0.467 0.424 0.386 0.747 0.705 0.665 0.627 0.592 0.558 0.376 0.482 0.402 0.335 0.279 0.233 0.194 0.162 0.327 0.284 0.247 Present Value of an Annuity of $1 at Compound Interest Year 6% 10% 12% 15% 20% w Me How Calculator 10 0.558 0 .386 0.322 0.247 0.162 UTTI Present Value of an Annuity of $1 at Compound Interest Year 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 4.917 4.355 4.111 3.784 3.326 5.582 4.868 4.564 4.160 3.605 6.210 5.335 4.968 4.487 3.837 6.802 5.759 5.328 4.772 4,031 10 7.360 6.145 5.650 5.0194.192 alue, assuming a minimum rate of return of 66. If a. Determine the net present value of Project 1 over a five-year life with resic required, round to the nearest dollar. $ 51,420 x b. Which project provides the greatest net present value? Project 2