00 8 10 points -book Information for two alternative projects involving machinery Investments follows. Project 1 requires an initial investment of $130,900 Project 2 requires an initial investment of $97,200. Assume the company requires a 10% rate of return on its investments (PV. of $1. FV $1. PVA of S1, and EVA of $1 (Use appropriate factor(s) from the tables provided.) Annual Amount Project Project Sales of new product $ 105,300 $82,600 Expenses bateriale, Inbor, and overhead (except depreciation) 70.200 34,560 Depreciation-Iachinery 18.700 19,40 selling yoneral, and administrative expenses 21.500 Thoon 57.760 57.000 Compute the net present value of each potential investment. Use 7 years for Project 1 and 5 years for Project 2. Assume cash flows occur evenly throughout each year, (Negative net present values should be indicated with a minus sign. Round your present value factor to 4 decimals. Round your answers to the nearest whole dollar) 640 int Project Chart values are based on Select Chan Amount PV Factor Present Value Net presente Project Photo 8 Project 1 Chart values are based on: 10 points Select Chart Amount PV Factor Present Value Hint Print Hotect Net present value Project 2 Chart values are based on: Select Chart Amount X PV Factor Present Value Net present value