Interstate Manufacturing is considering either overhauling an old machine or replacing it with a new machine. Information about the two altematives follows. Management requires a 10% rate of return on its investments. (PV of $1, EV of $1. PVA of \$1, and EVA of $1 ) Note: Use appropriate factor(s) from the tables provided. Alternative 1: Keep the old machine and have it overhauled. This requires an initial investment of $157,000 and results in $41,000 of net cash flows in each of the next five years. After five years, it can be sold for a $21,000 salvage value. Alternotive 2: Sell the old machine for $31,000 and buy a new one. The new machine requires an initial investment of $307,000 and can be sold for a $12,000 salvage value in five years. It would yleld cost savings and higher sales, resulting in net cash flows of $51,000 in each of the next five years. Required: 1. Determine the net present value of alternative 1. 2. Determine the net present value of alternative 2 . 3. Which alternative should management select based on net present value? Complete this question by entering your answers in the tabs below. Determine the net present value of alternative 1 . Note: Do not round intermediate calculations. Round your present value factor to 4 decimals ar whole dollar. Complete this question by entering your answers in the tabs below. Note: Negative net present values should be indicated with a minus sign. Do not round intermed Determine the net present value of alternative 2. present value factor to 4 decimals and final answers to the nearest whole dollar