Suppose you have won an award for best essay contest on socialization process of baby otters in New York. You have choices of the following prizes. Assuming you like maximum wealth, which prize would you choose? Explain your answers. The appropriate cost of capital is 12% and there is no risk. a) You will receive $200 each year starting in year 4 and declining at 5% per year thereafter. There are 8 payments. Show all work in excel b) You will receive $100 immediately, followed by 10 additional payments, occurring every other year until and including year 20. These payments will grow 4% per year after time 0. Show all work in excel.

c) A single deposit of $700 is made in your name right now to a special savings account earning an interest rate of 12% per year. You can make whatever amount of withdrawals you like from this account whenever you like over the next 10 years. Show all work in excel

d) A single deposit of $600 is made in your name right now to a special savings account earning an interest of 15% per year. You can make whatever amount of withdrawals you like from this account whenever you like over the next 10 years. Show all work in excel.