Exercise $24-14($Algo$)$ Net present value of an annuity LO P$3$

Information for two alternative projects involving machinery investments follows. Project $1$ requires an initial investment of $$127,400.$ Project $2$ requires an initial investment of $$92,700.$ 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.$)$

$\backslash$table$[[$Annual Amounts,Project $1,$Project $2],[$Sales of new product,$$100,800,$$$78,600$