Q3. A hotel manager wishes to choose between two alternative investments giving the following annual net cash inflows over a five-year period: Year Alternative 1 Alternative 2 1 2 3 4 5 $ 8,400 11,600 17,000 23,000 24,000 $24,200 19,800 17,200 10,800 8,000 The amount of the investment under either alternative will be $70,000. a. Using the payback period method, in which year, under both alternatives, will she have recovered the initial investment? (2 points) b. Using NPV at 10 percent, would either alternative be a good investment? (3 points)