Project 1 requires an original imestment of $37,800, The project will yield cash flows of $9,000 per year for 5 years. Project 2 has a computed net present value of $10,500 over a three year Iife. Project 1 could be sold at the end of three years for a grice of $36,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below, Drosent Valaen al Present Value of an Annuity of st af Compoand interest Present Value of an Annuity of $1 at Compound Interest a. Detemmine the net present value of Project 1 over a thee-year hfe with residual value, astuming a minimum rate of retum of 12%. If required, round to the nearest dolla: 13 b. Which project provides the greatest net present value