Net present value$-$unequal lives

Project $1$ requires an original investment of $$114,000.$ The project will yield cash flows of $$16,000$ per year for $9$ years. Project $2$ has a computed net present value of $$31,100$ over a $7-$year life. Project $1$ could be sold at the end of $7$ years for a price of $$80,000.$

Use the Present Value of $$1$ at Compound Interest and the Present Value of an Annuity of $$1$ at Compound Interest tables shown below.

$\backslash$table$[[$Present Value of $$1$ at Compound Interest$],[$Year$,6\%,10\%,12\%,15\%,20\%$