Information for two alternative projects involving machinery investments follows. Project $1$ requires an initial investment of $$135,000.$

Project $2$ requires an initial investment of $$98,000.$ Assume the company requires a $10\%$ rate of return on its investments. $($PV of $$1,FV$

of $$1,$ PVA of $$1,$ and FVA of $$1)$

Note: Use approprlate 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 $2.$

Note: Negatlve net present values should be Indlcated with a minus sign. Round your present value factor to $4$ decimals. Round

your answers to the nearest whole dollar.