The company you work for has presented you two capital projects. Your company's cost of capital is $14\%.$ Using the project cash flows below, answer the following questions:

$\backslash$table$[[,$Year of ANCF,$8],[,0,1,2,3,4,5,6,7],[$Project $1,($$$125,000),$$$35,000,($$$5,000),$$$50,000,($$$2,500),$$$125,000,($$$3,500),$$$32,500,($$$5,200)$