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Problem 7-24 Afirm must choose between two investment alternatives, each costing $105,000. The first alternative generates $35.000 a year for four years. The second pays one large lump sum of $166,200 at the end of the fourth year. If the firm can raise the required funds to make the investment at a cost of 12 percent, what are the present values of two investment alternatives? Use Appendia and Appendix o to answer the question. Round your answers to the nearest dollar Point motive PV seconds which alternative should be preferred? The alternative should be preferred. first cod Grade it Now Save & Continue