Save Homework: Chapter 9 Homework - NPV core: 0 of 1 pt 7 of 8 (6 complete) HW Score: 75%, 6 of 8 pts 9-11 (similar to) Question Help NPV unequal lives. Grady Enterprises is looking at two project opportunities for a parcel of land the company currently own. The first project is a restaurant and the second project is a sports facility. The projected cash flow of the restaurant is an initial cost of $1,410,000 with cash flows over the next six years of $100,000 year one) $200,000 (year wo) $260,000 (yours three through five) and 51 790.000 (year six), at which point Grady plans to sell the restaurant. The sports facility has the following cash flows an initial cost of $2.450,000 with cash flow over the next four years of 3400.000 years one through three) and $3,260,000 year four), at which point Grady plans to sell the facility of the appropriate discount rate for the restaurant is 11.0% and the appropriate discount rate for the sports facility is 115%, use the NPV to determine which project Grady should choose for the parcel of land. Adjust the NPV for unoqual lives with the equivalent aruty Does the decision change? If the appropriate discount rate for the restaurant is 110% what is the NPV of the restaurant project? Round to the nearest cent)