Exercise 16-7 Using the present value index LO 16-2 Jordan Company has a choice of two investment alternatives. The present value of cash inflows and outflows for the first alternative is $170,000 and $118,000, respectively. The present value of cash inflows and outflows for the second alternative is $345,000 and $285,000, respectively. Required 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. a. Alternative 1 (NPV) Alternative 2 (NPV) Alternative 1 (PVI) Alternative 2 (PVI) c. The investment that will produce the higher rate of return is