An engineering company normally expects a rate of return of 11% on investments. Two projects are available but only one can be chosen. Project Arequires an immediate investment of $5,600. In return, a revenue payment of $4,000 will be received in four years and a payment of $9,500 in nine years. Project B requires an investment of $6,100 now and another $2,000 in three years. In return, revenue payments will be received in the amount of $1,600 per year for nine years. Which project is preferable? The preferred alternative is Project B. Project A. An obligation can be settled by making a payment of $3,000 now and a final payment of $3,000 in four years (Alternative 1). Alternatively, the obligation can be settled by payments of $500 at the end of every six months for six years (Alternative 2). Interest is 9% compounded semi-annually. Compute the 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 to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) The present value of Alternative 2 is $ (Round to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) Therefore, the best alternative is Alternative 2. Enter your answer in each of the Alternative 1