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28 Ralph's Business has a project with an initial cost of $5 million and two options that pay out $6 million in total. They can
28 Ralph's Business has a project with an initial cost of $5 million and two options that pay out $6 million in total. They can go with option 1, which will provide cash flows of $1,500,000 each year for four years, or option 2, which will provide $3,000,000; $2,000,000; $1,000,000; and $0; in years 1 through 4, respectively. Which option should Bernie choose, and why? Group of answer choices Option 2, since it has a higher return. Option 1, since it has a higher return. Both options are equivalent, since each pays out $6 million. Option 2, since it has a lower return. Option 1, since it has a lower return
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