Check my work Exercise 10-7A (Algo) Using the present value index LO 10-2 points Walton Company has a choice of two investment alternatives. 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. Skipped Required eBook a. Calculate the net present value of each investment opportunity. (Negative amounts should be indicated by a minus sign.) b. Calculate the present value index for each investment opportunity. (Round "PVI" to 2 decimal places.) c. Indicate which investment will produce the higher rate of return. Hint Ask References Alternative 1 (NPV) Alternative 2 (NPV) Alternative 1 (PVI) Alternative 2 (PVI) The investment that will produce the higher rate of return is