Walton Company has a choice of two investment aiternatives. The present value of cash inflows and outflows for the first alternative is $215,000 and $187,000, respectively. The present value of cash inflows and outflows for the second alternative is $390,000 and $307,500, respectively. Required a. Calculate the net present value of each investment opportunity. Note: Negative omounts 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