Net present value-unequal lives Project 1 requires an originat investment of $69,900. The project will yield cash nows of $13,000 per vear for 9 vears. Project 2 has a computed net present value of 320,200 over a 7-year ufe. Project 1 could be sold at the end of 7 years for a price of $49,000. Use the Present Value of $1 at Compound Interest and the Present Vatue of an Annulty of $1 at Compound Interest tabies shown belown a. Determine the net present value of Project 1 over a 7-year life with residual value, assuming a minimum rate of return of 10%. If required, round to the nearest dollar x b. Which project provides the greatest net present value