1. Columbia University has decided that it too wishes to acquire CSI and has offered a one-time payment of $100,000. Which offer should CSI accept and why?

	a.	CSI should accept the offer from Columbia because the future value of Columbia's offer offer is higher than the future value of the Harvard offer.
	b.	CSI should accept the offer from Harvard because the PV of it's offer exceeds the PV of the Columbia offer
	c.	CSI should accept the offer from Harvard because the future value of Harvard's cash flows is greater than the FV of Columbia's cash flows
	d.	CSI shouldd accept the Columbia offer because the PV of the of Columbia's offer exceeds the PV of the Harvard offer.