Bernard Lewis has $30,000 in cash and expects to receive a salary of $55,000 in one year. The market interest rate is 10% p.a.

An investment in a business venture requires an outflow of $23,500 today and promises to pay off $40,150 in one year. he wants to spend $10,000 today on a down payment on a car and other consumption and he has only $30,000 in hand.

Will he accept this project? What impact does the project have on Bernards wealth?