The management of Quest Media Inc. is considering two capital investment projects. The estimated net cash flows from each project are as follows: The radio station requires an investment of $970, 700, while the TV station requires an investment of $1, 579, 290. No residual value is expected from either project. Compute the net present value for each project. Use a rate of 10% and the present value of an annuity of $1 in the table above. If required, use the minus sign to indicate a negative net present value. If required, round to the nearest whole dollar. Present value of annual net cash flows Less amount to be invested Net present value