The management of Advanced Alternative Power Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows: Present Value of an Annuity of $1 at Compound Interest The wind turbines require an investment of $799,400, while the biofuel equipment requires an investment of $1,372,170. No residual value is expected from either project. Required: 1a. 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. b. Compute a present value index for each project. If required, round your answers to two decimal places. 2. Determine the internal rate of return for each project by (a) computing a present value factor for an annuity of $1 and (b) using the present value of an annuity of $1 in the table above. If required, found your present value factor answers to three decimal places and internal rate of return o the nearest whole percent. 3. The net present value, present value index, and internal rate of return all indicate that the is a better financial opportunity compared to the although both investments meet the minimum return criterion of 10%. The management of Advanced Alternative Power Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows: Present Value of an Annuity of $1 at Compound Interest The wind turbines require an investment of $799,400, while the biofuel equipment requires an investment of $1,372,170. No residual value is expected from either project. Required: 1a. 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. b. Compute a present value index for each project. If required, round your answers to two decimal places. 2. Determine the internal rate of return for each project by (a) computing a present value factor for an annuity of $1 and (b) using the present value of an annuity of $1 in the table above. If required, found your present value factor answers to three decimal places and internal rate of return o the nearest whole percent. 3. The net present value, present value index, and internal rate of return all indicate that the is a better financial opportunity compared to the although both investments meet the minimum return criterion of 10%