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Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below. Dresent

image text in transcribed Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown below. Dresent Value of $1 at Comnnund Tnterect Present Value of an Annuitv of $1 at Compound Interest a. Determine the net present value of Project 1 over a five-year life with residual value, assuming a minimum rate of retum of 6%. If required, round to the nearest dollar: b. Which project provides the greatest net present value

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