Net Present Value—Unequal Lives Project 1 requires an original investment of $96,200. The project will yield cash flows of $15,000 per year for 10 years. Project 2 has a calculated net present value of $22,300 over a eight-year life. Project 1 could be sold at the end of eight years for a price of $77,000. Use the Present Value of $1 at Compound Interest and the Present Value of an Annuity of $1 at Compound Interest tables shown