Need help with the following attachment. Please show work.

21) Net Present Value Calculations. Freefall, Inc., has two independent investment opportunities, each requiring an initial investment of $65,000. The company's required rate of return is 8 percent. The cash inflows for each investment are provided as follows Investment Investment Year 1 Year 2 Year 3 Year 4 Total inflows $ 35,000 25,000 15,000 5,000 $80,000 $ 5,000 15,000 25,000 35,000 $ 80,000 Required. a. Without resorting to calculations, which investment will have the highest net present value? Explain. b. Calculate the net present value for each investment (remember to include the initial investment cash outflow in your calculation). Should the company invest in either investment? Round to the nearest dollar