Problem 7-24 A firm must choose between two investment alternatives, each costing $95,000. The first alternative generates $40,000 a year for six years. The second pays one large lump sum of $164,300 at the end of the sixth year. If the firm can raise the required funds to make the investment at an annual cost of 10 percent, what are the present values of two investment alternatives? Use Appendix B and Appendix D to answer the question. Round your answers to the nearest dollar. PV (First alternative): $ PV(Second alternative): $ Which alternative should be preferred? The first alternative should be preferred