ou are offered four investments; if your required rate is 12% ( r), which of the following investments is worth more today:

A growing company that is expected to have at the end of the year (T=1) a cash flow of 5.000 that will continue forever and that we are assuming it will experience a growth at a constant rate of 2%.

An investment that is expected to have at the end of the year (T=1) a cash flow of 4.000 that will continue forever without growth

An investment that gives me one down payment of 10,000 in 2 years time and a lump payment of 40,000 in 6 years time

An investment that is expected to give you a payment of 50.000 at the end of the year for the next 2 years.