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Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of ( $ 137,900 ). Project 2 requires an initial

image text in transcribed Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of \\( \\$ 137,900 \\). Project 2 requires an initial investment of \\( \\$ 106,200 \\). 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.) 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.)

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