Alternative 2: Sell the old machine for \\( \\$ 38,600 \\) and buy a new one. This requires an initial investment of \\( \\$ 310,000 \\) and results \\( \\$ 52,000 \\) of net cash flows in each of the next five years. After five years, this machine can be sold for a \\( \\$ 12,000 \\) salvage value. Enter answers in the tabs below. Determine the net present value of alternative 1 . Note: Negative net present values should be indicated with a minus sign. Do not round intermediate calculations. Round any present value factor to 4 decimals and final answers to the nearest whole dollar. Enter answers in the tabs below. Determine the net present value of alternative 2. Note: Negative net present values should be indicated with a minus sign. Do not round intermediate calculations. Round any present value factor to 4 decimals and final answers to the nearest whole dollar. Enter answers in the tabs below. Which alternative should management select based on net present value? Alternative 2: Sell the old machine for \\( \\$ 38,600 \\) and buy a new one. This requires an initial investment of \\( \\$ 310,000 \\) and results \\( \\$ 52,000 \\) of net cash flows in each of the next five years. After five years, this machine can be sold for a \\( \\$ 12,000 \\) salvage value. Enter answers in the tabs below. Determine the net present value of alternative 1 . Note: Negative net present values should be indicated with a minus sign. Do not round intermediate calculations. Round any present value factor to 4 decimals and final answers to the nearest whole dollar. Enter answers in the tabs below. Determine the net present value of alternative 2. Note: Negative net present values should be indicated with a minus sign. Do not round intermediate calculations. Round any present value factor to 4 decimals and final answers to the nearest whole dollar. Enter answers in the tabs below. Which alternative should management select based on net present value