The management of Advanced Alternative Power Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows:Wind TurbinesBiofuel EquipmentYear$$430,000$$$860,0002430,000860,0003430,000860,0004430,000860,000$The wind turbines require an Investment of $$1,113,270,$ while the biofuel equipment requires an investment of $$2,455,300.$ No residual value is expected from either project.Present Value of an Annuity of $$1$ at Compound InterestYear$6\%10\%12\%15\%20\%10\mathrm{.}9430\mathrm{.}9090\mathrm{.}8930\mathrm{.}8700\mathrm{.}83321\mathrm{.}8331\mathrm{.}7361\mathrm{.}6902\mathrm{.}4021\mathrm{.}6261\mathrm{.}52832\mathrm{.}6732\mathrm{.}4872\mathrm{.}2832\mathrm{.}10643\mathrm{.}4653\mathrm{.}1703\mathrm{.}0372\mathrm{.}8552\mathrm{.}58954\mathrm{.}2123\mathrm{.}7913\mathrm{.}6053\mathrm{.}3532\mathrm{.}99164\mathrm{.}9174\mathrm{.}3554\mathrm{.}1113\mathrm{.}7854\mathrm{.}1603\mathrm{.}32675\mathrm{.}5824\mathrm{.}8684\mathrm{.}5643\mathrm{.}60586\mathrm{.}2105\mathrm{.}3354\mathrm{.}9684\mathrm{.}4873\mathrm{.}83796\mathrm{.}8025\mathrm{.}7595\mathrm{.}3285\mathrm{.}6504\mathrm{.}7724\mathrm{.}031107\mathrm{.}3606\mathrm{.}1455\mathrm{.}0194\mathrm{.}192$Required:$1$a$.$ Compute the net present value for each project. Use a rate of $10\%$ and the present value of an annuity of $$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.Line Item DescriptionWind TurbinesBiofuel EquipmentPresent value of annual net cash flowsS fill in the blank $1$Sfill in the blank $2$Amount to be investedfill in the blank $3$fill in the blank $4$SNet present value$fill in the blank $5$fill in the blank $61$b$.$ Compute a present value index for each project. If required, round your answers to two decimal places.ProjectWind TurbinesBiofuel EquipmentPresent Value Indexfill in the blank $7$fill in the blank $8$