A business has two investment choices. Alternative 1 requires an immediate outlay of $3,300 and offers a return of $6,500 in six years. Alternative 2 requires an immediate outlay of $600 in return for which $200 will be received at the end of every six months for the next six years. The required rate of return on investment is 10% 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 The net present value of Alternative 1 is $ (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) The net present value of Alternative 2 is $ (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) The preferred alternative is Alternative 2 Alternative 1