nswers are entered in the cells with gray backgrounds. ells with non-gray backgrounds are protected and eannot be edited. hasterisk (") will appear to the right of an incorrect entry, or above and below formulas. he essay answer will not be graded. Average annual rate of retum for both projects: b 2. Details Each project requires an investment of $75,000. Straight-line depreciation will be used, and no residual value is expected. The committee has selected a rate of 12% for purposes of the net present value analysis. INSTRUCTIONS 1. Compute the following: a. The average rate of return for each investment. b. The net present value for each investment. Use the present value table appearing in Exhibit 2 of this chapter. Round present values to the nearest dollar. nswers are entered in the cells with gray backgrounds. ells with non-gray backgrounds are protected and eannot be edited. hasterisk (") will appear to the right of an incorrect entry, or above and below formulas. he essay answer will not be graded. Average annual rate of retum for both projects: b 2. Details Each project requires an investment of $75,000. Straight-line depreciation will be used, and no residual value is expected. The committee has selected a rate of 12% for purposes of the net present value analysis. INSTRUCTIONS 1. Compute the following: a. The average rate of return for each investment. b. The net present value for each investment. Use the present value table appearing in Exhibit 2 of this chapter. Round present values to the nearest dollar