Project 1 requires an original investment of $84,100. The project will yield cash flows of $14,000 per year for 10 years. Project 2 has a computed net present value of $20,800 over a eight-year life. Project 1 could be sold at the end of eight years for a price of $68,000. 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 $1 at Combound Interest Present Value of an Annuity of $1 at Compound Interest Present Value of an Annuity of $1 at Compound Interest a. Determine the net present value of Project 1 over a eight-year life with residual value, assuming a minimum rate of return of 10%. If required, round to the nearest dollar