Much to your surprise, you were selected to appear on the TV show "The Price is Right." As a result of your prowess in identifying how many rolls of toilet paper a typical American family keeps on hand you win the opportunity to choose one of the following $1, 200 today $6,000 in 11 years, or $35,000 in 28 years Assuming that you can earn 7 percent on your money 'which should you choose? If you are offered $6,000 in 11 years and you can earn 7 percent on your money, what is the present value of $6.000? Round to the nearest cent) If you are offered $36,000 in 28 years and you can earn 7 percent on your money what is the present value of $35 000? (Round to the nearest cent) Which offer should you choose? (Select the best choice below) Choose $1, 200.00 today because its present value is the highest Choose $35,000.00 in 28 years because its present value is the highest. Choose $6,000.00 in 11 years because its present value is the highest