Bonita Inc. has $ 520,640 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $ 69,086 at the end of each year for 12 years, and the other is to receive a single lump-sum payment of $ 1,633,990 at the end of the 12 years. Which alternative should Bonita select? Assume the interest rate is constant over the entire investment.

Alternative TwoAlternative One