Part 2: ABC Company's management is also considering 3 new projects consisting of the purchase of new equipment. The company has limited resources, and may not be able to complete/make all 3 purchases. Therefore, calculate the NPV for each, and place the projects in the order in which they should be completed using NPV as the reasoning. The information is as follow for the purchases below. Purchase Price Required Rate of Project 1 Project 2 Project 3 $80,000 $175,000 $22,700 6% 8% 12% Return Time Period 3 years 5 years 2 years Cash Flows Year 1 - $48,000 $85,000 $13,000 Cash Flows-Year 2 $36,000 $74,000 $13,000 Cash Flows Year 3 $22,000 $38,000 N/A Cash Flows Year 4 N/A $26,800 N/A Cash Flows-Year 5 N/A $19,000 N/A Page 1 of 2 ACCT 209