Following is information on two alternative investment projects being considered by Tiger Company. The company requires a 7% return from its investments. (PV of $1, FV of $1, PVA of $1, and FVA of $1) (Use appropriate factor(s) from the tables provided.)

	Project X1	Project X2
Initial investment	$ (126,000)	$ (212,000)
Net cash flows in:
Year 1	48,000	94,500
Year 2	58,500	84,500
Year 3	83,500	74,500

a. Compute each projects net present value.

Compute each project's net present value. (Round your final answers to the nearest dollar.)