QUESTION 17 Use the following information to answer the next two questions: Krantz Company paid $60,000 to purchase a depreciable asset. The asset is expected to produce annual cash inflows of $12,000 per year for 10 years. Krantz's desired rate of return is 12 percent. 17. Which of the following is the present value of the cash inflows expected for this asset? Round to the nearest whole dollar. a. $67,803 b. $73,735 c. ($60,000) d. $56,522 QUESTION 18 18. The internal rate of return for this investment is a. equal to the desired rate of return. b. greater than the desired rate of return. c. less than the desired rate of return. d. the answer cannot be determined from the information provided