Gomez Corporation is considering two alternative investment proposals with the following data: a. How long is the payback period for Proposal X? b. What is the accounting rate of return for Proposal Y? You have been awarded a scholarship that will pay you $500 per semester at the end of each of the next 8 semesters that you earn a GPA of 3.5 or better. You are a very serious student and you anticipate receiving the scholarship every semester. Using a discount rate of 3% per semester, which of the following is the correct calculation for determining the present value of the scholarship? PLEASE STATE WHY YOU CHOSE THE ANSWER THAT YOU DID. A) PV = $500 times 3% times 8 B) PV = $500 times (Annuity PV factor, i = 3%, n = 8) C) PV = $500 times (Annuity FV factor, i = 6%, n = 4) D) PV = $1, 000 times (PV factor, i = 3%, n = 4)