Check 8 Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $131,600. Project 2 requires an initial investment of $98,100. 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.) 10 points Project 1 $ 106,200 Project 2 $ 83,400 Skipped Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses Income 70,850 18,800 8,720 $ 7,830 34,880 19,620 21,800 $ 7,100 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 Project 1 Chart values are based on: : Print ne: i = References Select Chart Amount X PV Factor = Present Value = $ 0 Net present value Select Chart Amount PV Factor Present Value = $ 0 eBook Hint Net present value Print Project 2 Chart values are based on: References n = i = Select Chart Amount PV Factor = Present Value = O Net present value