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

Project #1 will require an initial investment of $430, and the present value of all of its future estimated profits is $478.

Project #2 will require an initial investment of $355, and the present value of all of its future estimated profits is $400.

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.)