6 Exercises 3, 5-7, 14 &18 & 15, Tableau D... Saved Help Save C Information for two alternative projects involving machinery investments follows. Project 1 requires an initial investment of $139,300. Project 2 requires an initial investment of $108,000. 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) Note: Use appropriate factor(s) from the tables provided. Annual Amounts Sales of new product Expenses Materials, labor, and overhead (except depreciation) Depreciation-Machinery Selling, general, and administrative expenses Income Project 1 Project 2 $ 116,100 $ 92,200 78,000 38,400 19,900 9,600 21,600 24,000 $ 8,600 $ 8,200 Compute the net present value of each potential investment. Use 7 years for Project 1 and 5 years for Project 2. Note: 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. Present Value Present Value of Project 1 Net Cash Flows X of Annuity at Net Cash Flows 10% Years 1-7 Net present value < Prev 6 of 9 Next > M