$($CHAPTER $9)$

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 $$560,$ and the present value of all of its future estimated profits is $$480.$

Project #$2$ will require an initial investment of $$480,$ and the present value of all of its future estimated profits is $$380.$

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.$)$