Using the net present value analysis technique, evaluate the financial merits of the two proposed projects shown in the table below. Assume an annual discount rate of 8% for each project. Project 1 30 000.00 Capital cost (E) Year 1 2 Net annual saving () +6 000.00 +6 000.00 +6 000.00 +6000.00 +6 000.00 +6 000.00 +6 000.00 +6 000.00 +6 000.00 +6 000.00 Project 2 30 000.00 Net annual saving (E) +6600,00 +6 600.00 +6 300.00 +6 300.00 +6 000.00 +6 000.00 +5 700.00 +5 700.00 +5 400.00 +5 400.00 9 10 Total net saving at end of year 10 +60 000.00 +60 000.00