Alternative 1: Keep the old machine and have it overhauled. This requires an intial investment of $153,000 and results in $53,000 of net cash flows in each of the next five years. After five years, it can be sold for a $17,000 salvage value. Alternative 2: Sell the old machine for $45,000 and buy a new one. The new machine requires an initial investment of $295,000 and can be sold for a $14,000 salvage value in five years. It would yield cost savings and higher sales, resulting in net cash flows of $59,000 in each of the next five years. Required: 1. Determine the net present value of altemative 1. 2. Determine the net present value of alternative 2 3. Which alternative should management select based on net present value? Complete this question by entering your answers in the tabs below. Detemine the net present value of alternativo 2 . Note: Negative net present values should be indicated with a minus sign. Do not round intermediate calculations. Round your. present value factor to 4 dedimals and final answers to the nearest whole dollar. Interstate Manufacturing is considering ether overhauling an old machine or replacing it with a new machine. Information abiout the Note: Use eppropriate factor(s) from the tables provided. Alternative 1: Keep the old machine and have if oveihauled This requires an inctial investment of $153,000 and results an $53,000 of net cash flows in each of the next five years. After five years, it can be sold for a $17,000 salvage value? Alternative 2: Sell the old machine for $45,000 and buy a new one. The new machine requires an initual irvestment of $295,000 and can be sold for a $14,000 salvage value in five years, it would yeld cost savings and higher sales; resulting in net cash fows of $59000 in each of the next five years. Required: 1. Determine the net present value of alternative 1. 2. Determine the net present value of altemative 2 3. Which alternative should management select based on net present valoe? Complete this question by entering your answers in the tabs below. Determine, the net present value of alternative 2 . Notet Negative net present values should be indicated with a minus sign. Do not found intermidiate colculation Found vour Note: Neyative net present value present value factor to 4 deciriais and final answers to the nearest whole dollor