Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $138,600. Project 2 requires an initial investment of $107,100. 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 Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project 1 Project 2 $ 115,200 $91,400 77,350 38,080 19,800 21,420 9,520 23,800 $ 8,530 $8,100 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. Years 1-7 Project 1 Net Cash Flows Present Value of Annuity at 10% Present Value of Net Cash Flows Net present value Project 2 Net Cash Flows Years 1-5 Nel present value Present Value of Annuity at 10% Present Value of Net Cash Flows