Mason 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

Calculate the net present value of each investment opportunity. (Negative amounts should be indicated by a minus sign.)

Calculate the present value index for each investment opportunity. (Round "PVI" to 2 decimal places.)

Indicate which investment will produce the higher rate of return.