A company is considering either buying a new machine or overhauling an old machine. Information about the alternative machines follows. The company requires a 12% rate of return on its investments. Note: Use appropriate factor(s) from the tables provided. (PV of $1, EV of $1, PVA of $1, and EVA of 1) Alternative 1: Overhaul the old machine and keep it. This requires an initial investment of $156,000 and results in $44 400 of net cash flows in 2ach of the next five years. After five years, this machine can be sold for a $20,400 salvage value. Alternative 2: Sell the old machine for $38.400 and buy a new one. This requires an initial investment of $208,000 and results in $52,000 of net cash flows in each of the next five years. After five years, this machine can be sold for a $12,000 =salvage value. Enter answers in the tabs below. Required 1 Required 2 Required 3 Determine the net present value of alternative 1. Mote: Megative net present values should be indicated with a minus sign. Do not round intermediate calculations. Round any present value factor to 4 decimals and final answers to the nearest whole dollar. Initial investment Met present value Required2 > A company is considering either buying a new machine or overhauling an old machine. Information about the alternative machines follows. The company requires a 12% rate of return on its investments. Note: Use appropriate factor(s) from the tables provided. (P\V of $1, FV of $1, PVA of $1, and FVA of $1) Alternative 1: Overhaul the old machine and keep it. This requires an initial investment of $156,000 and results in $44 400 of net cash flows in each of the next five years. After five years, this machine can be sold for a $20,400 salvage value. Alternative 2: Sell the old machine for $38,400 and buy a new one. This requires an initial investment of $308,000 and results in $52,000 of net cash flows in each of the next five years. After five years, this machine can be sold for a $12,000 salvage value. Enter answers in the tabs below. Requirad 1 Requirad 2 Requirad 3 Determine the net present value of alternative 2. Mote: Megative net present values should be indicated with a minus sign. Do not round intermediate calculations. Round any present value factor to 4 decimals and final answers to the nearest whole dollar. Years 1-5 Salvage valuenew machine Totals Initial investment Salvage valueold machine _ Net present value < Required 1 Required 3 > A company is considering either buying a new machine or averhauling an old machine. Information about the alternative machines follows. The company requires a 12% rate of return on its investments. Note: Use appropriate factor(s) from the tables provided. (PV of $1, FV of $1, PVA of $1, and FVA of $1) Alternative 1: Overhaul the old machine and keep it. This requires an initial investment of $156,000 and results in $44,400 of net cash flows in each of the next five years. After five years, this machine can be sold for a $20,400 salvage value. Alternative 2: Sell the old machine for $38,400 and buy a new one. This requires an initial investment of $308,000 and results in $52,000 of net cash flows in each of the next five years. After five years, this machine can be sold for a $12,000 salvage value. Enter answers in the tabs below. Required 1 Required 2 Required 3 Which alternative should management select based on net present value? Management should select < Required 2