Score: 0 of 1 pt 12 of 14 (12 complete) HW Score: 50%, 7 of 14 pts P5-29 (similar to) Question Help (Present-value comparison) Much to your surprise, you were selected to appear on the TV show "The Price is Right." As a result of your prowess in identifying how many rolls of toilet paper a typical American family keeps on hand, you win the opportunity to choose one of the following: $1,600 today, $5,000 in 13 years, or $32,000 in 23 years. Assuming that you can earn 16 percent on your money, which should you choose? If you are offered $5,000 in 13 years and you can earn 16 percent on your money, what is the present value of $5,000? $ (Round to the nearest cent.)