Wisc Co. is considering two different project proposals, and will only be able to choose one. Project 1 (Spin-o-Ramma) will cost $100,000, has an expected useful life of 3 years and no salvage value. It is expected to increase net annual cash flows by $40,00. Cost Useful Life 100,000 3 Cash inflows 40,000 Project 2 (Roll-o-Ramma) will cost $90,000, has an expected useful life of 3 years and no salvage value. It is expected to increase net annual cash flows by $38,000. Cost Useful Life 90,000 3 Cash inflows 38,000 A discount rate of 12% is appropriate for both projects. QUESTION: Compute the net present value of each project. Project 1 (Spin-o-Ramma) Project 2 (Roll-o-Ramma)