Yeur cormpany is considering two mutually exclusive project options for the mechanical pretreatment of biomass as feedstock for an integrated biorefinery. Project Option I requires an investment of $65,000. has a life of 10 vears and will generate net revenues of $12.500 per year. Project Option II requires an investment of $72,000, has a life of 10 years, and will generate net revenues of $15,200 per year. The MARR is 10% Equations of Interest: Where FV = Future Value: PV = Present Value; A= Uniform A nnual Payment: i= interest rate: n= years 1. Calculate Net Present Value of each process option. (5 Points) 2. Which option is recommended, Project. I or Project. Il? Comment on your conclusion. What other (non: economic) factors might enter into the decision making process? (5 Points)