Project 1 requires an original investment of $113,800. The project will yield cash flows of $18,000 per year for seven years. Project 2 has a c net present value of $24,500 over a five-year life. Project 1 could be sold at the end of five years for a price of $82,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below. Present Value of an Annuity of $1 at Compound Interest a. Determine the net present value of Project 1 over a five-year life with residual value, assuming a minimum rate of return o the nearest dollar. b. Which project provides the greatest net present value? Project 1 requires an original investment of $113,800. The project will yield cash flows of $18,000 per year for seven years. Project 2 has a c net present value of $24,500 over a five-year life. Project 1 could be sold at the end of five years for a price of $82,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below. Present Value of an Annuity of $1 at Compound Interest a. Determine the net present value of Project 1 over a five-year life with residual value, assuming a minimum rate of return o the nearest dollar. b. Which project provides the greatest net present value