Your grandfather has offered you a choice of one of the three following alternatives: $6,500 now; $1,750 a year for eight years; or $27,000 at the end of eight years. (Use a Financial calculator to arrive at the answers. Round the final answers to the nearest whole dollar.) a-1. Assuming you could earn 11 percent annually, compute the present value for the following amounts. Present value $6,500 now $ 6500 $1,750 a year for eight years $ 9006 $27,000 at the end of eight years $ 138945 a-2. Which alternative should you choose? multiple choice 1 $27,000 received at the end of eight years $1,750 received each year for eight years $6,500 received now b-1. If you could earn 12 percent annually, compute the present value for the following amounts. Present value $6,500 now $ 6500 1,750 a year for eight years $ 8693 $27,000 at the end of eight years $ 134126 b-2. Which alternative should you choose? multiple choice 2 $27,000 received at the end of eight years $1,750 received each year for eight years $6,500 received now