A business has two investment choices. Alternative 1 requires an immediate outlay of $3000 and offers a return of $9000 in 6 years. Alternative 2 requires an immediate outlay of $5400 in return for which $700 will be received at the end of every six months for the next 6 years. The required rate of return on investment is 14% semi-annually. Compute the net present value of each alternative and determine which investment should be accepted or rejected according to the net present value criterion.