Cowboy Ice Cream Company has a choice of two investment alternatives. The present value of cash inflows and outflows for the first alternative is $165.000 and $116,000, respectively. The present value of cash inflows and outflows for the second alternative is $340,000 and $282,500 respectively. Required a. Calculate the net present value of each investment opportunity (Negative amounts should be indicated by a minus sign.) b. Calculate the present value index for each investment opportunity. (Round "PVI" to 2 decimal places.) c. Indicate which investment will produce the higher rate of return a. Alternative 1 (NPV) Alternative 2 (NPV) b. Alternative 1 (PVI) Alternative 2 (PVI) c The investment that will produce the higher rate of return is