Interstate Manufacturing is considering either overhauling an old machine or replacing it with a new machine. Information about the two alternatives follows. Management requires a 10% rate of return on its investments. (PV of \$1, FV of \$1. PVA of \$1, and FVA of 51 ) (Use appropriate factor(s) from the tables provided.) Alternative 1: Keep the old machine and have it overhauled. This requires an initial investment of $148,000 and results in $48,000 of net cash flows in each of the next five years. After five years, it can be sold for a $19.000 salvage value. Alternative 2: Sell the old machine for $44,000 and buy a new one. The new machine requires an initial investment of $302,000 and can be sold for a $11,000 salvage value in five years. It would yield cost savings and higher sales, resulting in net cash flows of $43.000 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