Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $136.500 Project 2 requires an initial investment of $104,400. Assume the company requires a 10% rate of return on its investments. (PV 51. EX of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Annual Amounts Project 1 Sales of new product Project 2 $ 112,500 $ 89,000 Expenses Materials, labor, and overhead (except depreciation) 75,400 37.120 Depreciation Machinery 19,500 20,880 Selling, general, and administrative expenses 9,280 23,200 Income $ 8,320 $ 7,500 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 Present Value Net Cash Flows * of Annuity at 10% Present Value of Net Cash Flows Years 1-7 Net present value Project 2 Net Cash Flows X Present Value of Annuity at 10% Present Value of Net Cash Flows Years 1-5 Net present value