A firm must choose between two investment alternatives, each costing $$110,000.$ The first alternative generates $$35,000$ a year for four years. The second pays one large lump sum of $$158,900$ at the end of the fourth year. If the firm can raise the required funds to make the investment at an annual cost of $9$ percent, what are the present values of two investment alternatives? Use Appendix B and Appendix D to answer the question. Round your answers to the nearest dollar.

PV$($First alternative$)$: $

PV$($Second alternative$)$: $

Which alternative should be preferred?

The

$-$Select$-$

alternative should be preferred.