Consider the following alternatives:

i $ 130received in one year

ii $ 240 received in 5 years

iii $ 340 received in 10 years

a. Rank the alternatives from most valuable to least valuable if the interest rate is 8 % per year.

(Select the best choice below.)

A. The ranking of the projects is: option iii > option ii > option i.

B. The ranking of the projects is: option ii > option iii> option i.

C. The ranking of the projects is: option ii> option i> option iii.

D. The ranking of the projects is: option I > option iii> option ii.

b. What is your ranking if the interest rate is only 2 % per year? (Select the best choice below.)

A. The ranking of the projects is: option iii > option i> option ii.

B. The ranking of the projects is: option iii> option ii> option i.

C. The ranking of the projects is: option i> option ii> option iii.

D. The ranking of the projects is: option ii> option iii> option i.

c. What is your ranking if the interest rate is 17 % per year?

(Select the best choice below.)

A. The ranking of the projects is: option iii> option ii > option i.

B. The ranking of the projects is: option ii> option i> option iii.

C. The ranking of the projects is: option i> option ii> option iii.

D. The ranking of the projects is: option i> option iii> option ii.