ou are considering investing in a security that will pay you $1000 in 28 years. a.If the appropriate discount rate is 12 percent, what is the present value of this investment? b.Assume these investments sell for $296 in return for which you receive $ 1000 in 28 years. What is the rate of return investors earn on this investment if they buy it for $296? Question content area bottom Part 1 a.If the appropriate discount rate is 12 percent, the present value of this investment is $ 41.87. (Round to the nearest cent.) Part 2 b.The rate of return investors can earn on this investment if they buy it for $296 is enter your response here%. (Round to two decimal places.)