Rounak Singh 03/31/24 10:06 PM Question 1 of 2 This quiz: 5 points) possible This question: 2 points) possible Submit quiz A company must make a choice between two investment alternatives. Alternative 1 will return the company $15,000 at the end of five years and $60,000 at the end of nine years. Alternative 2 will return the company $12,000 at the end of each of the next nine years. The company normally expects to earn a rate of return of 17% on funds invested. Compute the present value of each alternative and determine the preferred alternative according to the discounted cash flow criterion. Question 1 Question 2 The present value of Alternative 1 is $ (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) The present value of Alternative 2 is $ (Round the final answer to the nearest dollar as needed. Round all intermediate values to six decimal places as needed.) The preferred alternative is