00 8 Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $139,300. Project 2 requires an initial investment of $108,000. Assume the company requires a 10% rate of return on its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.) Project 1 $ 116, 100 Project 2 $ 92,200 10 points Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation - Machinery Selling, general, and administrative expenses Income 78,000 19,900 9,600 $ 8,600 38, 400 21,600 24,000 $ 8, 200 eBook 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.) Hint Print Project 1 Chart values are based on: n = References i = Select Chart Amount PV Factor Present Value Net present value Project 2 Chart values are based on: n i = Select Chart Amount PV Factor Present Value Net present value