The project to be recommended is (Type Project \#1 or Project \#2)

Sticky Stack has been very profitable and now has time to upgrade some of their equipment. They are considering two projects to improve efficiency of the factory. Both projects will require Sticky Stack to initially invest $35,000. The expected cash flows for the two projects are as follows: Project #1 Project #2 Year 1 $32,000 $7,500 Year 2 $22,500 $23,500 Year 3 $5,000 $28,000 Total $59,000 $59,000 The discount rate is 12%. Calculate the NPV of each project. Type your dollar responses with no commas and no decimals (round up). For the discount factors, use 3 decimal places(rounded) .### Year 2 NPV for Project #1 Year 2 NPV for Project #2 After-Tax Cash Flows After-Tax Cash Flows 12% Discount Factor 12% Discount Factor Present Values (35,000) Present Values (35,000) The project to be recommended is (Type Project #1 or Project #2) PRESENT VALUE OF $1 RATE PER PERIOD 2 3 4 7 8 9 10 02S% 0 99751 OWS02 0 99254 099006 098S13 0 98267 098022 0 97778 097S34 097291 0 99602 007 0 97537 09702 09600 0 9510 09S13S 0992% 0.93S1t 0.97783 0.970* o. *333 0.9616 o. 94904 0.94198 0.934% 0.92800 0.92109 100% 0 99010 09030 097059 096098 09547 09420S 093272 092348 091434 0 98522 097H 09%32 094213 092826 09149 090103 088771 087459 086167 084893 200% 0 94232 0923es 0 870% 08S349 0 82876 08203S 080426 2. som 09S181 0.92280 090S9S 0.88335 0.86230 084127 0.8207S 080073 0.78120 0.78214 3.00% 0.97087 094280 0.91514 083849 0826 ' 083748 081309 0.78941 07842 0.74409 0.72242 4.00% 0.924% 088900 085480 082193 0.79031 075992 o. 73069 070259 o srss 084958 sow 0 95238 0.90703 o Q270 078353 o. 7%2.2 0' toea 0.67684 061391 o.su 0 94340 0 89000 0 83%2 m 79209 0 74726 m 70496 m2741 059190 m SS839 052879 7.00% 193458 o. 37344 0.81630 o. 76290 0.71299 O.S6634 0.62275 O. SQOI 0.%393 o. sous 0.47509 0 92593 o est34 0 79383 0.7393 o COE.8 063017 0 58349 o S4027 0 50025 046319 04288 0 91743 0841" 077218 070843 0 64993 o S9627 0 54703 042241 038753 10.00% 090909 08S4S 0.753' 063301 082092 O.S644t o.st3te 0.4"S1 0.42410 0.38SS4 0.35049 11.00% 0 90090 081162 073119 OSS873 0 59345 043393 0 39092 03S218 031728 1200% 0 892M 079719 m S3SS2 o %743 m 40338 032197 r 28748