Can someone please answer these questions, and please make sure to include all formulas used with steps.

1. Assume that I own a parcel of land that my friend, Jeremy, wants to rent for the next 10 years. Jeremy has offered to pay either $20,000 today or $3,200 at the end of each year during the 10-year period. want to have a 10 percent rate of return on the parcel. Which payment option would produce my required rate of return? 2. I'm thinking about the desirability of buying a retail shopping center for $5.5 million. The net operating income for the center during the first year is expected to be $489,500. I've applied for a $4,000,000 loan to make the purchase, the terms of which are a 9.25 percent fixed rate amortized monthly over 25 years with a 7-year term. What will be the property's annual debt coverage ratio in its first year of operation? (a) 1.40 (b) 1.19 (c) 0.84 (d) 0.08