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-------------------------------------------------------------------------------- one of two ways: Option 1: Pay $11,200 now and $38,000 when some large projects are finished, two years from today. Option 2: Pay
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one of two ways: Option 1: Pay $11,200 now and $38,000 when some large projects are finished, two years from today. Option 2: Pay $56,000 three years from today, when even larger projects are finished. Assuming that the only factor in the decision is the cost ( 8% ). (Click here to see present value and future value tables) A. Calculate the present value of each option. Round your present value factor to three decimal places and final answer to the nearest dollar. Present value of Option 1 Present value of Option 2 B. Which option should Ralston chooseStep by Step Solution
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