Your grandfather has offered you a choice of one of the three following alternatives: $11500 now: $5.700 a year for five years; or $71,000 at the end of five years. Use Arpendix B and Appendix D for an approximate answer, but calculate your final answer using the formula and financial calculator methods. 6-1. Assuming 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 $ S 11.500 5,700 71.000 S 6-2. Which alternative should you choose? 571,000 received at end of five years $5.700 received each year for five years $11.500 received now b-1. If you could earn 10 percent annually, compute the present value of each alternative (Do not round intermediate calculations. Round your final answers to 2 decimal places.) b-1. If you could earn 10 percent annually, compute the present value of each alternative: (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Present Value $ $ 11,500 5,700 71,000 $ b-2. Which alternative should you choose? O $71000 received at end of five years $5,700 received each year for five years $11,500 received now