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Management of Sunland Measures, Inc., is evaluating two independent projects. The company uses a 13.00 percent discount rate for such projects. The costs and cash

Management of Sunland Measures, Inc., is evaluating two independent projects. The company uses a 13.00 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 - $8,092,840 - $11,351,200
1 3,043,400 1,981,330
2 1,658,290 3,478,800
3 1,287,600 3,213,090
4 1,238,900 4,144,310
5 1,121,380 4,630,780
6 1,423,940
7 1,299,290

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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