A company must make a choice between two investment alternatives.Alternative 1 will return the company $35,000at the end of three years and 40,000 at the end of six years. Alternative 2 will return the company $10,000 at the end of each of the next six years. The company normally expects to earn a rate of return of 18% on funds invested. Compute the present value of each alternative and determine the preferred alternative according to the discounted cash flow critierion

The present value of alternative 1 is $

The present value of alternative 2 is $

The preferred alternative is ________

Round all the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed