Your neighbor is buying a new electric car. He has the following options to finance the purchase: I. Pays $10,000 today (in time 0) and $60,000 in two years (time 2) It Make navemente under an incraasinc erhedula ac followice. III. Make 72 monthly_ payments over 6 years of $1,100 payable at the end of each month. (a) If the annual interest rate is 7%, calculate the present value of each option. (b) At what interest rate do Option II and Option III have the same present value