Question 7 of 11 < > -/12 E Marigold Company is considering two new projects, each requiring an equipment investment of $98,600. Each project will last for three years and produce the following cash flows: Year Cool Hot 1 $38,800 $42,800 2 43,800 42,800 3 48,800 42,800 131,400 $128,400 The equipment will have no salvage value at the end of its three-year life. Marigold Company uses straight-line depreciation and requires a minimum rate of return of 12%. Present value data are as follows: Present Value of 1 Period 12% 1 0.89286 2 0.79719 071178