NPV unequal lives Grady Enterprises is looking at two project opportunities for a parcel of land the company currently owns The first project is a restaurant, and the second project is a sports facility. The projected cash flow of the restaurant is an initial cost of $1,500,000 with cash flows over the next six years of $200,000 (year one), $250.000 (year two). $300,000 years three through five), and $1,750,000 (year six), at which point Grady plans to sell the restaurant. The sports facility has the following cash flows an initial cost of $2.400.000 with cash flows over the next four years of $400,000 years one through three) and $3,000,000 (year four), at which point Grady plans to sell the facility. If the appropriate discount rate for the restaurant is 11,0% and the appropriate discount rate for the sports facility is 13.09, use the NPV to determ which project Grady should choose for the parcel of land. Adjust the NPV for unequal lives with the equivalent annual annuity. Does the decision change? the appropriate discount rate for the restaurants 11.0%what is the NPV of the restaurant project? Round to the nearest cont.)