Seved Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $135,800. Project 2 requires an initial investment of $103,500. 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) (Use appropriate factor(s) from the tables provided.) Annual amounts Sales of new product Project 1 Project 2 $ 111,600 $ 88,200 Expenses Materials, labor, and overhead (except depreciation) 74,750 Depreciation Machinery 36,800 19,400 20,700 Selling, general, and administrative expenses 9,200 23,000 $ 8,250 $ 7,700 Compute the net present value of each potential investment. Use 7 years for Project 1 and 5 years for Project 2. Assume cash flows occur evenly throughout each year. (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.) Income Project 1 Chart values are based on: n Select Chart Amount X PV Factor Present Value Initial investment Net present value Net present value Project 2 Chart values are based on: n Select Chart Amount PV Factor Present Value Initial investment Net present value PE Nu