A company must make a choice between two investment alternatives. Alternative 1 will return the company $15,000 at the end of three years and $60,000 at the end of seven years. Alternative 2 will return the company $10,000 at the end of each of the next seven years. The company normally expects to earn a rate of return of 9% on funds invested. Compute the present value of each alternative and determine the preferred alternative according to the discounted cash flow criterion. The 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 present value of Alternative 2 is $0. (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) The preferred alternative is A company must purchase new equipment costing $59,000. The company can pay cash on the basis of the purchase price or make payments of $815 per month for eight years. Interest is 7.5% compounded monthly. Compute the present value of each alternative and determine if the company should purchase the new equipment with cash or make payments on the installment plan. The present value of the equipment if the company pays cash is $0. (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) The present value of the equipment if the company makes payments on the installment plan is $0. (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) The company should