Consider the following alternatives: i. $100 received in one year ii. $240 received in five years ili $340 received in 10 years a. Rank the alternatives from most valuable to least valuable if the interest rate is 12% per year. b. What is your ranking if the interest rate is 5% per year? C. What is your ranking if the interest rate is 17% per year? a. Rank the alternatives from most valuable to least valuable if the interest rate is 12% per year First calculate the present value (PV) of each alternative: The PV of $100 received in one year if the interest rate is 12% per year is $ (Round to the nearest cent) The PV of $240 received in 5 years if the interest rate is 12% per year is $ (Round to the nearest cent) The PV of $340 received in 10 years if the interest rate is 12% per year is $ 1 (Round to the nearest cent) Next, rank the choices by their PV. (Select the best choice below.) O A. The ranking of the projects is: option ii > option i > option ii O B. The ranking of the projects is: option ii >option ii> option i. O C. The ranking of the projects is: option i> option ii> option ii O D. The ranking of the projects is: option ii >option ii >option i. b. What is your ranking if the interest rate is only 5% per year