Norwood Inc., which has a hurdle rate o 12% s considering ree different independent investment opportunities. ach project as a seven-year he annual cas flows and initial investment for each of the projects are as follows: (Future Value of $1, Present Value of $1, Future Value Annuity of $1, Present Value Annuity of $1.) (Use appropriate factor from the PV tables.) Annual cash flows Initial investment Project AProject B Project C S131,470 $120,520 $109,560 320,000 300,000 230,000 a. What is the present value of the annual cash flows for each of the three projects? (Round your answers to the nearest dollar amount.) Present Value Project A Project B Project C b. What is the net present value of each of the projects? (Round your intermediate calculations and final answers to the nearest dollar amount.) Net Present Value Project A Project B Project C