Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $133,700. Project 2 requires an initial investment of $100,800. Assume the company requires a 10% rate of return on its investments. (PV of $1. EV of $1. PVA of $1. and EVA 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 $108,900 Project 2 $ 85,800 72,800 19,100 8,960 35,840 20,160 22,400 $ 8,040 $ 7,400 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.) Project 1 Net Cash Flows Present Value of Annuity at 10% Present Value of Net Cash Flows Years 1-7 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