Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $129,500. Project 2 requires an initial investment of $95,400. Assume the company requires a 10% rate of return on its investments. (PV of $1. EV of $1. PVA of $1, and FVA of S1) (Use appropriate factor(s) from the tables provided.) Annual Amounta Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project 2 Project 1 $103,500 $ 81,000 33,920 19,080 21,200 $ 7,620 $ 6,800 68,900 18,500 8,480 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.) Present Value Project 1 Net Cash Flows x of Annulty at Present Value of Net Cash Flows 10% Years 1-7 $ 0 Net present value Project 2 Net Cash Flows x Present Value of Annuity at 10% Years 1-5 $ Net present value Present Value of Net Cash Flows 0