Information for two alternative projects involving machinery investments follows Project requires an initial investment of $135.000 Project 2 requires an initial investment of $98,000. Assume the company requires a 10% rate of return on its investments. P of 1. EV of 51. PVA of $1. and EVA of S1) (Ure appropriate factor(e) from the tables provided) Project 1 $100 Project $ 30,000 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling general, and administrative expenses Income 65,000 20.000 0.000 $7,000 32,000 13,000 20.000 5 10,000 Compute the net present value of each potential investment Use 7 years for Project 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)