In exchange for a $20,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table, You're opportunity cost is 11%

Alternative Single Amount

A) $ 24,500 at end of 3 years

B) $ 53,000 at end of 9 years

C) $ 181,500 at end of 20 years

1) The present value of Alternative A is ? Round to nearest cent

2) The present value of Alternative B is

3) The present value of Alternative C is

4) Are all the alternatives acceptable that is, worth at least $20,000 today Yes or No

5) Which alternatives, if any will you take? A, B, C or None