Munoz Company has a choice of two investment altematives. The present value of cash inflows and outfows for the first aitemative is $175,000 and $152,000, respectively. The present value of cash inflows and outfows for the second alternative is $350,000 and $287,500, respectively. Required a. Calculate the net present value of each investiment opportunity. Note: Negative amounts should be Indicated by a minus sign. b. Calculate the present volue index for each investment opportunity. Note: Round epVI" to 2 decimal places. e. Indicate which investment will produce the higher rate of return