Information for two alternative projects involving machinery investments follows. Project $1$ requires an initial investment of $$130,200.$

Project $2$ requires an initial investment of $$96,300.$ Assume the company requires a $10\%$ rate of return on its investments. $($PV of $$1,FV$

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

Note: Use 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 $2.$

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.