Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $137,200. Project 2 requires an initial investment of $105,300. 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) (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 $ 113,400 Project 2 $ 89,800 76,050 19,600 9,360 37,440 21,060 23,400 $ 8,390 $ 7,900 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.) Project 1 Net Cash Flows x Present Value of Annuity at 10% = Years 1-7 Net present value Present Value of Net Cash Flows = $ 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 0