25. Patrick has a $1,200 overdue debt for accounting books and supplies at Augustana's Bookstore. Patrick has only $400 in his checking account and doesn't want his parents to know about this debt. The Bookstore Manager tells Patrick that he may settle the account in one of two ways since he can't pay it all now: 1. Pay $400 now and $1,000 after he completes his second year of work in public accounting, two years from today. 2. Pay $1,800 three years from today. Assuming that the cost of borrowing money interest) is the only factor in Patrick's decision and that the cost of borrowing money to him is 6%, which alternative should he choose? Your answer must be supported with calculations. (5 points)