Information for two alternative projects involving machinery investments follows. Project $1$ requires an initial investment of $$134,400.$ Project $2$ requires an initial investment of $$101,700.$ 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 $1$: Sales of new product: $$109,800.$ Expenses: Materials, labor, and overhead $($except depreciation$)$: $73,450.$ Depreciation$$Machinery: $19,200.$ Selling, general, and administrative expenses: $9,040.$ Income: $$8,110.$ initial investment project $1$: $$134,400.$ Project $2$: Sales of a new product: $$86,600.$ Expenses: Materials, labor, and overhead $($except depreciation$)$ $$36,160.$ Depreciation$-$Machinery: $$20,340.$ Selling, general, and administrative expenses: $$22,600.$ Income: $$7,500.$ Initial investment project $2$: $$101,700.$