Project 1 requires an original investment of $93, 100. The project will yield cash flows of $17,000 per year for 10 years. Project 2 has a calculated net present value of $23, 500 over a eight-year life. Project 1 could be sold at the end of eight years for a price of $72,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below. Determine the net present value of Project 1 over a eight-year life with residual value, assuming a minimum rate of return of 12%. If required, round to the nearest dollar. $ Which project provides the greatest net present value? Select