Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $126,700. Project 2 requires an initial investment of $91,800. 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.) Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project 1 $ 99,900 Project 2 $ 77,800 66,300 32,640 18,100 8,160 18,360 20,400 $ 7,340 $ 6,400 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.) Years 1-7 Present Value Project 1 Net Cash Flows of Annuity at = 10% Net present value Present Value = || Project 2 Net Cash Flows x of Annuity at 10% = Years 1-5 Net present value Present Value of Net Cash Flows $ Present Value of Net Cash Flows = $ 0: 0