The management avanced Alternative power, is considering two capital investment projects. The domated net cash lows from each project are as follows: Wind Biofuel Year Turbines Equipment 1 $240,000 $460,000 2 240,000 460,000 3 240,000 460,000 4 240,000 460,000 v The wind turbines require an investment of $728,880, while the biofuel equipment requires an investment of $1,313,000. No residual value is expected from either project Present Value of an Annuity of si at Compound Interest Year 6% 10% 12% 15% 20% 1 0.943 0.909 0.893 0.870 0.833 2 1.833 1.736 1.690 1.626 1.526 3 2.573 2.487 2.402 2.283 2.106 4 3.465 3.170 3.037 2.855 2.589 5 4.212 3.791 3.605 3.353 2.991 6 4.917 4.355 4.111 3.785 3.326 5.582 4.868 4564 4.160 3.605 8 6.210 5.35 4.965 4.487 3.837 9 6.802 5.759 5.328 4.772 4,031 10 7,360 6.145 51650 5:019 4.192 la. Compute the net present value for each project. Use a rate of 10% and the present value of an annuty of $1 in the table above required, use the minus sign to indicate a negative net present value. If required, round to the nearest whole dollar Wind Turbines Biofuel Equipment Present value of annual net cash lions Leat amount to be invested Net present value 1b. Computea prevent value index for each project. If required, round your answers to two decimal places Present Value Index Wind Turbines Biofuel Equipment 2. Determine the internal rate or retum for each project by (a) computing a pretent value factor for an annuity of 51 and (b) ning the present value of an annuity of 51 in the table above required, round your present value factor answers to three decimal places and internal rate of return to the nearest whole percent Wind Turbines Biofuel Equipment Present value factor for an annuity of 1 Internal rate of retum th