Help please.

A company has two investment opportunities. Alternative 1 (Alt. 1) pays $12,000 (inflow) two years from now, and $24,000 (inflow) four years from now. Alternative 2 (Alt. 2) pays $7,000 (inflow) at the end of every year for five years. Interest is 6.71% compounded annually. Which is the preferable alternative?

Round the values for PV to the nearest cent. Round the values for Alt. 1 and Alt. 2 to the nearest dollar.

	TWO YEARS	FOUR YEARS	FIVE YEARS
P/Y
C/Y
N
I/Y	%	%	%
PV	$	$	$
PMT	$	$	$
FV	$	$	$

Alt. 1 = $ Alt. 2 = $ Choice Select an answer Alt. 1 Alt. 2 Either Alt.1 or Alt. 2

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