Information for two alternative projects involving machinery investments follows. Project requires an initial investment of $140,000 Project 2 requires on initial investment of $90.000. Assume the company requires a 10% rate of return on its Investments, PV of 51. EV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided) Annual Amounts Project 1 Project 2 Sales of new product $ 100.000 $100.000 Expenses Materials, labor, and overhead (except depreciation) 64.000 35.000 Depreciation-achinery 20,000 18.000 Selling general, and administrative expenses 8,000 20,000 Income $ 3,000 $7,000 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. Ignore the salvage value (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: MET". Imework Saved 10 Project 1 Chart values are based on: n 10% ts Select Chart Amount PV Factor Present Value 1.0000 $ 0 Book Print Net present value ferences Project 2 Chart values are based on: no i=1 - w *** hapter 11: Homework Saved 10 Project 2 Chart values are based on: n= 9 bints Select Chart Amount X PV Factor E Present Value $ 0 eBook Hint Print Net present value References