Bramble Company is considering two new projects, each requiring an equipment investment of $99,000. Each project will last for three years and produce the following cash flows: Year Cool Hot 1 $40,500 $44,500 2 45,500 44,500 3 50,500 44,500 136,500 $133,500 The equipment will have no salvage value at the end of its three-year life. Bramble Company uses straight-line depreciation and requires a minimum rate of return of 12%. Present value data are as follows: Present Value of 1 Period 12% 1 0.89286 2 0.79719 3 0.71178 Present Value of an Annuity of 1 Period 12% 1 0.89286 2 1.69005 3 2.40183 Click here to view PV tables. (a) Your answer has been saved. See score details after the due date. Compute the net present value of each project. (For calculation purposes, use 5 decimal places as displayed in the factor table provided. Round answers to O decimal places, e.g. 5,275.) Project Cool Net present value $ 9378 Project Hot 7881