10.Jogging Gear is considering a project with an initial cash requirement of $238.400. The project will yield cash flows of $4.930 monthly for 65 months. What is the rate of return on this project? A. 9.97 percent B. 11.38 percent C. 14.28 percent D. 13.41 percent E. 10.56 percent 11. You have some property for sale and have received two offers. The first offer is for $89,500 today in cash. The second offer is the payment of $35,000 today and an additional guaranteed $70,000 two years from today. If the applicable discount rate is 11.5 percent, which offer should you accept and why? A. You should accept the $89,500 today because it has the higher net present value. B. You should accept the $89.500 today because it has the lower future value. C. You should accept the first offer as it is a lump sum payment. D. You should accept the second offer because it has the larger net present value. E. It does not matter which offer you accept as they are equally valuable. 12. You are planning a special wedding three years from today. You don't know who your spouse will be but you do know that you are saving $25,000 today and $35,000 one year from today for this purpose. You also plan to pay the final $45,000 of costs on your wedding day. At a discount rate of 7 percent, what is the current cost of your special wedding? A. $94,444 B. $88, 800 C. $105,000 D. $85,711 E. $101,667