Information for two alternative projects involving machinery investments follows. Project $1$ requires an initial investment of $$135,100.$ Project $2$ requires an initial investment of $$102,600.$ 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.

Annual Amounts Project $1$ Project $2$

Sales of new product $ $110,700$ $ $87,400$

Expenses

Materials, labor, and overhead $($except depreciation$)74,10036,480$

Depreciation$$Machinery $19,30020,520$

Selling, general, and administrative expenses $9,12022,800$

Income $ $8,180$ $ $7,600$

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.