P5-37 Value of a mixed stream Neil Tyson has developed a prototype of an armored fab- ric that is very light, but is capable of stopping projectiles as efficiently as a tradi- tional bullet-proof jacket. A military supplier is considering the technology and has offered to pay Neil 30,000 in years 1, 2, and 3; and 40,000 in years 4 to 6. All payments will be made at the end of each year. a. Lay out the cash flows involved in the offer on a timeline. b. If Neil applies a required rate of return of 10% to them, what is the present value of this series of payments? c. Another company has made an offer of a one-time payment of 275,000 for the fabric. Which offer should Neil accept