w w Information for two alternative projects involving machinery Investments follows Project 1 requires an initial investment of $134,400. Project 2 requires an initial investment of $101700. Assume the company requires a 10% rate of return on its investments. (PV of $1. FV of $1. PVA of $1, and EVA of $1) (Use appropriate factor(s) from the tables provided.) Project 1 $ 109,800 Project 2 $ 86,600 Annual Amounta Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation Machinery Selling. general, and administrative expenses Income 73,450 19,200 9,040 $ 8,110 36,160 20,340 22.500 $7,500 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.) 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.) Project 1 Chart values are based on: n Select Chart Amount PV Factor Present Value $ 0 Present value of cash inflows Initial investment Net present value 134.400 Denis Project 2 Chart values are based on: n = Select Chart Amount X PV Factor Present Value $ Net present value