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 $2,600,000 today or a series of 9 year-end payments of $370,000. a. If Simes has a cost of capital of 11%, which form of payment should it choose? b. What yearly payment would make the two offers identical in value at a cost of capital of 11%? c. What would be your answer to part a of this problem if the yearly payments were made at the beginning of each year? d. The after-tax cash inflows associated with this purchase are projected to amount to $240,500 per year for 15 years. Will this factor change the firm's decision about how to fund the initital investment? a. If Simes has a cost of capital of 11%, the present value of the annuity is $ . (Round to the nearest dollar.) Which form of payment should the firm choose? (Select the best answer below.) O A. Annuity payment O B. Lump sum payment b. The yearly payment that would make the two offers identical in value at a cost of capital of 11% is $ (Round to the nearest dollar.) c. If the yearly payments were made at the beginning of each year, the present value of the annuity is $ (Round to the nearest dollar.) Which form of payment should the firm choose if the annuity payments are paid at the beginning of each year? (Select the best answer below.)