Perez Company has a choice of two investment alternatives. The present value of cash inflows and outflows for the first alternative is $180,000 and $154,000, respectively. The present value of cash inflows and outflows for the second alternative is $355,000 and $290,000, respectively. Required a. Calculate the net present value of each investment opportunity. Note: Negative amounts should be indicated by a minus sign. b. Calculate the present value index for each investment opportunity. Note: Round "PVI" to 2 decimal places. c. Indicate which investment will produce the higher rate of return