(Present value comparison) Much to your surprise, you were selected to appear on the TV show "The Price is Right As a result of your prowess in identifying how many rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following $1.200 today, S11,000 in 11 years, on $25,000 in 23 years. Assuming that you can earn 8 percent on your money, which should you choose? If you are offered $11,000 in 11 years and you can earn 8 percent on your money, what is the present value of $11,000? SN (Round to the nearest cont)