Use the following information to answer questions 9 and 10: Randy entered into an agreement to settle the outstanding debt on his Mustang by making the following payments: $50 000 after 6 months; and $60 000 after 12 months; and $100 000 after 18 months; and $200 000 after 24 months. However, since Randy would prefer to make two equal payments at the end of each year for the following two years. Nominal interest is 12% per annum compounded half-yearly. 9. What is the total present value of the obligation is: Option 1) $324 758.40 Option 2) $290 756.14 Option 3) $342 950.26 Option 4) $260 562.41 10. Assume that the present value of the obligation is $350 000. The amount of each of the two payments that would prefer to pay is: Option 1) $208 074.47 Option 2) $207 094.34 Option 3) $243 744.38 Option 4) $242 596.23