Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $128,800. Project 2 requires an initial investment of $94,500. 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)

Note: Use appropriate factor(s) from the tables provided.

Annual Amounts	Project 1	Project 2
Sales of new product	$ 102,600	$ 80,200
Expenses
Materials, labor, and overhead (except depreciation)	68,250	33,600
DepreciationMachinery	18,400	18,900
Selling, general, and administrative expenses	8,400	21,000
Income	$ 7,550	$ 6,700

Compute the net present value of each potential investment. Use 7 years for Project 1 and 5 years for Project 2.

Note: 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.