Litchfield Design is planning to sell its San Francisco, Chicago, and Miami stores. The firm expects to sell its Chicago store for a cash flow of E dollars, its Miami store for a cash flow of E dollars, and its San Francisco store for a cash flow of L dollars. The firm expects to sell its Chicago store in P years, its Miami store in V years, and its San Francisco store in V years. The cost of capital for all three stores is R. We know that L > E > 0, P > V > 0, and R > 0. The cash flows from the sales are the only cash flows associated with the various stores. Based on the information in the preceding paragraph, which one of the following assertions is true?

a) Two of the three stores have equal value and those two stores are more valuable than the third store or all three stores have the same value

b) The Chicago store is the most valuable of the 3 stores

c) The Miami store is the most valuable of the 3 stores

d) None of the other assertions is true

e) The San Francisco store is the most valuable of the 3 stores