Table B. 3+ Present Value of an Annuity of 1 p=[11/(1+i)n]/i years is the equivalent of $12,835 today ($2,0006.4177). Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $126,700. Project 2 requires an initial investment of $91,800. 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.) Compute the net present value of each potential investment. Use 7 years for Project 1 and 5 years for Project 2. (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.)