Your grandfather has offered you a choice of one of the three following alternatives: $8,000 now; $2,000 a year for ten years; or $36,000 at the end of ten years. Use Appendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. a-1. Assuming you could earn 8 percent annually, compute the present value of each alternative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Present Value $8000 $2000 $36000 8,000.00 a-2. Which alternative should you choose? $36,000 received at end of ten years O$2,000 received each year for ten years O $8,000 received now b-1. If you could earn 9 percent annually, compute the present value of each alternative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Present Value 8,000 2,000 $36,000 O $8,000 received now b-1. If you could earn 9 percent annually, compute the present value of each alternative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Present Value 8,000 2,000 $36,000