Your company has extra cash which it would like to use to invest into something new and profitable. There are two independent projects under consideration.

• Project #1 will require an initial investment of $280, and the present value of all of its future estimated profits is $240.
• Project #2 will require an initial investment of $240, and the present value of all of its future estimated profits is $190.

Based on this information, answer the following questions. (Do NOT type the "$" signs, and round your answers to whole dollars. Where applicable, don't forget the minus signs!)

(a) For Project #1, the Net Present Value equals $.

(b) For Project #2, the Net Present Value equals $.

(c) Based on the Net Present Values, your company should _____ Project #1 and _____ Project #2. (In each field, type accept or reject.)