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? (a) Your answer is correct. Ivanhoe Inc. has $636,700 to invest. The company is trying to decide between two alternative uses of the funds.

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? (a) Your answer is correct. Ivanhoe Inc. has $636,700 to invest. The company is trying to decide between two alternative uses of the funds. One alternative provides $89,187 at the end of each year for 11 years, and the other is to receive a single lump-sum payment of $1,816,582 at the end of the 11 years. Which alternative should Ivanhoe select? Assume the interest rate is constant over the entire investment. Alternative Two

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