Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $138,600. Project 2 requires an initial investment of $107,100. 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 $ 115,200 Project 2 $ 91,400 Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling, general, and administrative expenses Income 77,350 19,800 9,520 $ 8,530 38,080 21,420 23,800 $ 8,100 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 = 1 = Select Chart Amount PV Factor = Present Value $ Chart values are based on: n = 11 Select Chart Amount PV Factor Present Value $ 0 EA Net present value Project 2 Chart values are based on: n = 11 Select Chart Amount PV Factor Present Value $ 0 II Net present value