Q-1: Sarfaraz Ahmed is negotiating sports employment contract. His opportunity cost is 12%. He has been offered three possible 4-year contracts. Payments are in Pakistani rupees and are guaranteed, and they would be made at the end of each year. Terms of each contract are as follows:

Time Expansion Zone North Expansion Zone East Cashflows (amount in Rs.) Cashflows (amount in Rs.) 0 10,000 10,000 6.500 3,500 2 3.000 3.500 3.000 3,500 4 1.000 3,500