Question: A company must make a choice between two investment alternatives. Alternative 1 will return the company S15,000 at the end of three years and $76,000

A company must make a choice between two investment alternatives. Alternative

A company must make a choice between two investment alternatives. Alternative 1 will return the company S15,000 at the end of three years and $76,000 at the end of eight years. Alternative 2 will return the company $8,000 at the end of each of the next eight years. The company normally expects to earn a rate of return of 16% on funds invested. Compute the present value of each alternative and determine the preferred alternative according to the discounted cash flow criterion. 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.)

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