((C) The present worth of the Option B is $

You are considering two investment options. In option A, you have to invest $5,500 now and $1,500 three years from now. In option B, you have to invest $3,100 now $1,900 a year from now, and $1,000 three years from now. In both options, you will receive four annual payments of $2,400 each. (You will get the first payment a ye from now.) Which of these options would you choose based on (a) the conventional payback criterion, and (b) the present worth criterion, assuming 15% interest? Assume that all cash flows occur at the end of a year Click the icon to view the interest factors for discrete compounding when i= 15% per year. (a) The conventional payback period for option A is 3 years. (Round to the nearest whole number place.) The conventional payback period for option B is 3 years. (Round to the nearest whole number place.) Which of these options would you choose based on the conventional payback criterion? Choose the correct answer below. A. Both options are equally likely B. Option B C. Option A (b) The present worth of the option A is $ (Round to the nearest dollar.)