Your company wants to invest in a new software program to improve the inventory management. Your boss has tasked you to choose between two programs. The programs are mutually exclusive. The first software program will cost $175,000 initially and will yield inventory management improvements from year 1 shown in the table. The second program will cost $200,000 initially, but will yield $77,000 for the next 4 years. The firm's cost of capital is 12%. Use the replacement chain approach to compute the NPV of each software program. Which program has the highest NPV and by how much? Round your answers to the nearest dollar. Year 1 Program 1 Program 2 123 80,000 77,000 85,000 77,000 90,000 77,000