i need help with all three parts!

Problem 24-6A (Algo) Net present value of alternate investments LO P3 Interstate Manufacturing is considering elther overhouling an old machine or replacing it with a new machine. Information about the two alternatives follows. Management requires a 10% rate of return on its investments. (PV of \$1, FV of \$1, PVA of \$1, and PVA of \$1) (Use approprinte factor(s) from the thbles provlded.) Alternative 1: Keep the oid machine and have it overhauled. This requires an initial irvestment of $155,000 and results in $60,000 of net cash flows in each of the next flve years. After flve years, it can be sold for a $20,000 salvage value. Altemative 2: Sell the old machine for $50,000 and buy a new one. The new machine requires an initial imvestment of $300,000 and can be sold for a $10,000 salvage value in five years. it would yleld cost savings and higher sales, resulting in net cash fows of $50,000 in each of the next flve years. Requlred: 1. Determine the net present value of alternative 1. 2. Determine the net present value of alternative 2 . 3. Which ahemative should management select based on net present value? Complete this question by entering your answers in the tabs below. Determine the net present value of aiternative 1. (Do not round intermediate calculations. Round your present value factor to 4 decimals and final answers to the nearest whole dollar)