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Management of Blossom Measures, Inc., is evaluating two independent projects. The company uses a 11.00 percent discount rate for such projects. The costs and cash

Management of Blossom Measures, Inc., is evaluating two independent projects. The company uses a 11.00 percent discount rate for such projects. The costs and cash flows for the projects are shown in the following table.

Year Project 1 Project 2
0 - $7,912,840 - $10,261,200
1 3,293,400 2,051,330
2 1,838,290 3,478,800
3 1,237,600 3,253,090
4 1,268,900 3,814,310
5 1,281,380 4,470,780
6 1,473,940
7 1,489,290

What are their NPVs? (Enter negative amounts using negative sign, e.g. -45.25. Do not round discount factors. Round other intermediate calculations and final answer to 0 decimal places, e.g. 1,525.)

The NPV of Project 1 is $_______ and the NPV of Project 2 is $_______

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