Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $137,200. Project 2 requires an initial investment of $105,300. Assume the company requires a 10% rate of return on its investments. (PV of $1. FV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Sales of new product Project 11 Project 2 $113,400 $99,800 Expenses Materials, labor, and overhead (except depreciation) 76,050 37,440 Depreciation-Machinery 19,600 21,060 Selling, general, and administrative expenses 9,360 23,400 Income $ 8,390 $ 7,900 Compute the net present value of each potential investment. Use 7 years for Project 1 and 5 years for Project 2. (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.) Project 1 Net Cash Flows x Present Value of Annuity at 10% Present Value of Net Cash Flows Years 1-7 $ Net present value Net Cash Flows X Present Value of Annuity at 10% Present Value of Net Cash Flows Years 1-5 $ Project 2 Net present value M