9 You have some property for sale and have receiv ed two offers. The first offer is for $89,500 today i n cash. The second offer is the payment of $35,0 00 today and an additional guaranteed $70,000t wo years from today. If the applicable discount rat e is 11.5 percent, which offer should you accept a nd why? . a. You should accept the $89,500 today because i t has the lower future value. b. It does not matter which offer you accept as the y are equally valuable. c. You should accept the $89,500 today because i t has the higher net present value. d. You should accept the second offer because it has the larger net present value. e. You should accept the first offer as it is a lump sum payment. 9 You have some property for sale and have receiv ed two offers. The first offer is for $89,500 today i n cash. The second offer is the payment of $35,0 00 today and an additional guaranteed $70,000t wo years from today. If the applicable discount rat e is 11.5 percent, which offer should you accept a nd why? . a. You should accept the $89,500 today because i t has the lower future value. b. It does not matter which offer you accept as the y are equally valuable. c. You should accept the $89,500 today because i t has the higher net present value. d. You should accept the second offer because it has the larger net present value. e. You should accept the first offer as it is a lump sum payment