11. An alumnus of a small university donated S50,000 to establish a permanent endowment for scholarships. The first scholarships were awarded 5 years after the money was donated. If the amount awarded each year (i.e. the interest) was S5,400, the interest earned on the fund was closest to: a. 8% per year b, 10% per year c, 12% per year d, 14% per year 12. Gemini Products makes vitamin-enriched cereal products for large supermarket chains. They have forecasted the cash flows (in S1000 units) for this and the next 4 years Develop hand solutions that determine the EROR for (a) the ROIC method with i,-14% per year, and (b) the MIRR method with i,-14% and ib-8% per year. (c) Comment on these two EROR values compared to the IRR value(s). Year Cash Flow, 3000 -2000 1000 -6000 3800