A person has two investment alternatives, both of which are $15,000. first offers a payment of $5,500 at the end of each of the next four years; on the other hand, the second alternative offers a lump-sum payment of $27,500 at the end of four years. the second alternative offers a lump sum payment of $27,500 at the end of the four years years. If the AARR = 15%. Calculate the NPV of both alternatives.

a) $702.5 y $724.5

b) $710.4 y $330.8

c) $705.2 y 725.4

d) N.A