Use the NPV to decide which of the two projects Vita Nova should accept for Fall 2021 if the projects are independent: Show your detailed work

Years Project 1 Project 2

0 -$7,300 -$4,390

1 $3,940 $2,170

2 $3,450 $2,210

3 $2,480 $1,730

Assume the required rate of return is 15%.

9. Use the NPV to decide which of the two projects Vita Nova should accept for Fall 2021 if the projects are independent: 10pts Years Project 1 Project 2 0 -$7,300 -$4,390 1 $3,940 $2,170 2 $3,450 $2,210 3 $2,480 $1,730 Assume the required rate of return is 15%