You are considering two projects. Project 1 currently costs $15 million, which is to be paid this year; the returns are $9 million after year one and $5 million after year two. Project 2 currently costs $13 million, again to be paid this year; the returns are $10 million after year one and $6 million after year two. At an interest rate of 8%, the difference between the present value of Project 1's future revenues and Project 1's current costs is equal to , while the difference between the present value of Project 2's future revenues and Project 2's current costs is equal to . (Hint: Round intermediate calculations to two decimal places.)
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