Net Present Value-Unequal Lives sold at the end of eight years for a price of $70,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below. Precent Vale of an nnulty of $1 at Comnnd Tnterect a. Determine the net present value of Project 1 over a eight-year life with residual value, assuming a minimum rate of return of 15%. If required, round to the nearest dollar. ! b. Which project provides the greatest net present value