Determine which equipment should be favored, comparing the net present values of the two proposals and assuming a minimum rate of return of $15\%.$ Use the present value table appearing above.Processing MillElectric ShovelPresent value of net cash flow total$938,216$$$949,692$Less amount to be invested INet present value$841,637$$$841,63795,579108,055$Which project should be favored?

proposals are as follows:

Net Cash Flow

$\backslash$table$[[$Year$,$Processing Mill,Electric Shovel$],[1,$$$288,000,$$$360,000$