Jennings Company faces the following two options [ Buy or Lease ] for the manufacturing equipment. In order to exercise the better option, the engineering manager in the Jennings use 4 different methods to make decision under ROI of 8%. Buy Lease 10.000 6,000 Down payment Annual Mortgage Annual lease Salvage [after 4 year ] 4,000 25,000 Refer to Chart 2. The internal rate of return for moving from leasing option to buying option is a. 10.55% b. 10.94% O c. 11.24% d. 11.58%