11. (Related to Checkpoint 5.4) (Present-value comparison) You are offered $90,000 today or $360,000 in 14 years. Assuming that you can earn 12 percent on your money, which should you choose? If you are offered $360,000 in 14 years and you can earn 12 percent on your money, what is the present value of $360,000? (Round to the nearest cent.) Which offer should you choose? (Select the best choice below.) A. Choose $360,000 in 14 years because its present value is higher. B. Choose $90,000 today because its present value is higher