A company must make a choice between two irvestment alternatives. Alternative $1$ will retum the company $$30,000$ at the end of two years and $$70,000$ at the end of nino rairse Altemative $2$ will return the company $$10,000$ at the end of each of the next nine years. The company normally expects to earn a rate of refum of $98$ on funds invested Conmputs 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 $ $$

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

The preferred alternative is $$