The management of Advanced Alternative Power Inc. is considering two capital investment projects. The estimated net cash

flows from each project are as follows:

The wind turbines require an investment of $$1,056,350,$ while the biofuel equipment requires an investment of $$2,368,860.$ No

residual value is expected from either project.

Present Value of an Annuity of $$1$ at Compound Interest

Required:

$1$a$.$ Compute the net present value for each project. Use a rate of $10\%$ and the present value of an annuity of $$1$ in the table

above. If required, use the minus sign to indicate a negative net present value. If required, round to the nearest whole

dollar.