A compary has a poscy of requiring a rate of retum on isvestment of 18%. Two investment alternatives are avalable but the compary may chiocse only one. Alemative 1 offers a retum of $40,000 at the end of year three, $70,000 at the end of year cight and $50,000 after ten years. Aternative 2 will rekim the comgany $900 at the end of ench month for the next ten years. Compute the present value of each altemative and determine the preferted alternative accorting to the ditcounted cash flow criterion. The present value of Alternative 1 is $ (Round to the nearest dollar as needed. Round all intermedate values to six decimal places as neoded) The present value of Alternative 2 is $ (Round to the nearest dollar as needed. Round all intermediate values to six decimai places as needed.) The preferred choice is