An unavoidable cost may be met by outlays of $10,000 now and $1,000 at the end of every six months for four years (Alternative 1) or by making monthly payments of $245 for eight years (Alternative 2). Interest is 10% compounded quarterly. 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 $ 16447 (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.)