Project 1 requires an original investment of $219,120. The project will yield cash flows of $74,000 per year for 7 years. Project 2 has a computed net present value of $25,700 over a 4-year life. Project 1 could be sold at the end of 4 years for a price of $106,000. (a) Determine the net present value of Project 1 over a 4-year life, with residual value, assuming a minimum rate of return of 20%. (b) Which project provides the greatest net present value