Information for two alternative projects involving machinery investments follows Project 1 requires an initial investment of $128,800 Project 2 requires an initial investment of $94,500. Assume the company requires a 10% rate of return on its investments (PV of $1. EV of $1. PVA of S1, and FVA of 1 (Use appropriate factor(s) from the tables provided.) Annual Anounts Project 1 Project 2 Sales of new product $ 102,600 $ 80,200 Expenses Materials, labor, and overhead (except depreciation) 68,250 33,600 Depreciation-Hachinery 15,400 18,900 Selling general, and administrative expenses 8.400 21.000 5 7,550 $ 6,700 Compute the net present value of each potential investment Use 7 years for Project 1 and 5 years for Project 2. Assume cash flows occur evenly throughout each year (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) Income Project 1 Chart values are based on: = Select Chart Amount x PV Factor Present Value Not present value Project 2 Chart values are based on = Select Chart Amount PV Factor Present Value Net present value