1. Assume you have been contracted to plan and build a series of structures for a farm. This is a one-year project. You are offered 3 different ways to receive your pay:
   • Payment Scheme 1 Receive $100,000 today (thats all you get)
   • Payment Scheme 2 You invest $10,000 today (that means you pay out $10,000 at the start), but you receive $115,000 in one year
   • Payment Scheme 3 Get $119,000 today, but you must pay back $20,000 at the end of the year (assume the clients advanced the payment for building materials and you now need to pay it back)
   • The annual interest/discount rate is 10%

Which payment scheme would you choose? Make sure you show your work.