Checklist:

$1.$ Evaluate how the Time Value of Money concept results in a discounted cash flow in year $4($an amount less than $$30,000).$

$2.$ Assess the investment option using a $13\%$ cost of capital discount rate by applying the NPV model. Include values in your assessment. Provide the NPV at a $13\%$ cost of capital discount rate. Include values in your assessment.

$3.$ Assess the investment option with an $8\%$ cost of capital discount rate.