(similar to) Assigned Media Question Help NPV unequal lives Grady Enterprises is looking at two project opportunities for a parcel of land the company currently owns. The first project is a restaurant, and the second project is a sports facility. The projected cash flow of the restaurant is an initial cost of $1,400,000 with cash flows over the next six years of $160.000 (year one) $250.000 (year two). $260,000 years three through five) and 51,750,000 (year six), at which point Grady plans fo sell the restaurant. The sports facility has the following cash flows an initial cost of 52.470.000 with cash flows over the next four years of $150,000 (years one through three) and $3.320,000 (year fout) at which point Grady plans to sell the faculty. If the appropriate discount rate for the restaurant is 9,5% and the appropriate discount rato for the sports facility is 11.5%, use the NPV to determine which project Grady should choose for the parcel of land adjust the NPV for unequal lives with the equivalent annual annuity Does the decision change? W the appropriate discount rate for the restaurant is 95% what is the NPV of the restaurant project? (Round to the nearest cent)