An investor is considering an investment that will pay $2,320 at the end of each year for the next 10 years. He expects to earn a return of 12 percent on his investment, compounded annually. Required: a. How much should he pay today for the investment? b. How much should he pay if the investment returns are recelved at the beginning of each year? (For all requirements, do not round intermediate calculations and round your final answers to the nearest whole dollar amount) Jonn is considering the purchase of a lot. He can buy the lot today and expects the price to rise to $16,700 at the end of 10 years. He believes that he should earn an investment yield of 8 percent compounded annually on his investment. The asking price for the lot is $8,000 Required: a. What is the internal rate of return compounded annually on the investment if John purchases the property for $8.000 and is able to sell it 10 years later for $16,700 ? Note: Do not round your intermediate calculations and round your final answer to 2 decimal places. b. Should he buy the lot