Waterloo North Hydro has two options for upgrading a nuclear power station to meet new government standards. Option 1: Waterloo North Hydro will make the upgrades themselves. This is expected to cost $14,700 at the end of each month for 14 years. At the end of the operation (in 14 years) Waterloo North Hydro expects to sell all equipment needed for the upgrade for $97.000 Option 2 Pay experienced contractors. This will cost $42.000 up front and $12.500 monthly for 12 years. Assume all interest is 2.69% compounded monthly. Round the answers to NPV (Option 1), and NPV (Option 2) to the nearest dollar. Round all other answers to two decimal places where applicable. 1) Find the net present value of option 1: Payments (Cost) Sale of equipment (Residual) P/Y = | Y = N VY = PV $ PMT = $ FV = $ (If the NPV is negative, enter it as a negative number. If the NPV is zero, enter 0.) NPV (Option 1) = SI (rounded to the nearest whole number) 2) Find the net present value of option 2: Payments (Cost) P/Y CAY N LY % PV PMT $ FV $