QUESTION 1 A hotel manager wishes to choose between two alternative investments giving the following annual net cash inflows over a 5-year period: Year Alternative 1 Alternative 2 1 $8,400 $24,2001 2 11,600 19,800 3 17,000 17,200 4 23,000 10,800 5 24,000 8.000 The amount of the investment under either alternative will be $70,000. Using the table below for NPV at 10%, would either alternative be a good investment? Discounted Cash Flows Table @ 10%: 1 2 3 4 5 6 7 8 9 10 0.9091 0.9264 0.7513 0.6830 0.6209 0.5645 0.5132 0.4665 0.4241 0.3855