Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $134,400. Project 2 requires an initial investment of $101,700. Assume the company requires a 10% rate of return on its investments. (PV of $1. EV of $1, PVA of $1, and EVA of $1) Note: Use appropriate factor(s) from the tables provided. Annual Amounts Sales of new product Expenses Haterials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project 1 $ 109,800 Project 2 $ 86,600 73,450 19,200 36,160 20,340 9,040 22,600 $8,110 $ 7,500 Compute the net present value of each potential investment. Use 7 years for Project 1 and 5 years for Project 2. Note: 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 Present Value of Annuity at 10% Present Value of Net Cash Flows Years 1-71 Net present value Project 2 Net Cash Flows x Years 1-5 Net present value Present Value of Annuity at 10% Present Value of Net Cash Flows