Franklin Company has a choice of two Investment alternatives. The present value of cash Inflows and outflows for the first alternative is $160,000 and $114,000, respectively. The present value of cash Inflows and outflows for the second alternative is $335,000 and $280,000, 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. 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