Sharon Smith will receive $1 million in 50 years. The discount rate is 14%. As an alternative, she can receive $1,000 today. Which should she choose? Use Appendix B. (Round "PV Factor" to 3 decimal places.)

Use Appendix B for an approximate answer, but calculate your final answer using the formula and financial calculator methods.

Multiple Choice

a. the $1 million dollars in 50 years.

b. $1,000 today.

c. she should be indifferent.

d. need more information.