Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $137,900. Project 2 requires an initial investment of $106,200. 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.) Project 1 $ 114,300 Project 2 $ 90,600 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income 76,700 19,700 9,440 $ 8,460 37,760 21,240 23,600 $ 8,000 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.) Project 1 Chart values are based on: n = i = Select Chart Amount PV Factor Present Value $ 0 Net present value Project 2 Chart values are based on: n Project 1 Chart values are based on: n = i = Select Chart Amount PV Factor = Present Value = $ 0 Net present value Project 2 Chart values are based on: n = Select Chart Amount PV Factor = Present Value = $ 0 Net present value