NPV Simes Innovations, Inc., is negotiating to purchase exclusive rights to manufacture and market a solar-powered toy car. The car's inventor has offered Simes the choice of either a one-time payment of $2,400,000 today or a series of 9 year-end payments of $350,000. a. b. What yearly payment would make the two offers identical in value at a cost of capital of 14%? cost of capital of 14%, which form of payment should it choose? c. What would be your answer to part a of this problem if the vearly payments were made at the beginning O vears. Will this factor change the firm's decision about .. each year? d. The after-tax cash inflows associate with this purchase are projected to amount to $227,500 per year how to fund the initital investment