NPV unequal lives. Singing Fish Fine Foods has $$1,920,000$ for capital investments this year and is considering two

potential projects for the funds. Project $1$ is updating the store's deli section for additional food service. The

estimated after$-$tax cash flow of this project is $$650,000$ per year for the next five years. Project $2$ is updating

the store's wine section. The estimated annual after$-$tax cash flow for this project is $$490,000$ for the next six years. If

the appropriate discount rate for the deli expansion is $9\mathrm{.}7\%$ and the appropriate discount rate for the wine section is

$9\mathrm{.}2\%,$ use the NPV to determine which project Singing Fish should choose for the store.

If the appropriate discount rate for the deli expansion is $9\mathrm{.}7\%,$ what is the NPV of the deli expansion?

$$,($Round to the nearest cent.$)$

If the appropriate discount rate for the wine section is $9\mathrm{.}2\%,$ what is the NPV of the wine section?

$ $($Round to the nearest cent.$)$

Based on the NPV$,$ Singing Fish Fine Foods should pick the

project. $($Select from the drop$-$down menu.$)$