You are considering two investment options. In option A, you have to invest $6,500 now and $700 three years from now. In option B, you have to invest $3,100 now, $1,600 a year from now, and $900 three years from now. In both options, you will receive four annual payments of $2,100 each. (You will get first payment a year from now.) Which of these options would you choose based on (a) the conventional payback criterion, and (b) the present worth crite assuming 11% interest? Assume that all cash flows occur at the end of a year. Click the icon to view the interest factors for discrete compounding when i= 11% per year. (a) The conventional payback period for option Ais years. (Round to the nearest whole number place.) - X More info UW NZ 1 2 3 4 5 Single Payment Compound Present Amount Worth Factor Factor (F/P, I, N) (P/F, i, N) 1.1100 0.9009 1.2321 0.8116 1.3676 0.7312 1.5181 0.6587 1.6851 0.5935 Compound Amount Factor (F/A, I, N) 1.0000 2.1100 3.3421 4.7097 6.2278 Equal Payment Series Sinking Present Fund Worth Factor Factor (A/F, i, N) (P/A, I, N) 1.0000 0.9009 0.4739 1.7125 0.2992 2.4437 0.2123 3.1024 0.1606 3.6959 Capital Recovery Factor (A/P, I, N) 1.1100 0.5839 0.4092 0.3223 0.2706 6 7 8 9 10 1.8704 2.0762 2.3045 2.5580 2.8394 0.5346 0.4817 0.4339 0.3909 0.3522 7.9129 9.7833 11.8594 14.1640 16.7220 0.1264 0.1022 0.0843 0.0706 0.0598 4.2305 4.7122 5.1461 5.5370 5.8892 0.2364 0.2122 0.1943 0.1806 0.1698 Print Done