Suppose your required rate of return on a $4-$year investment is $5\mathrm{.}4\%.$ You are offered the choice between receiving a bonus of $$10,000$ today or waiting until the end of $4$ years to receive $$13,000.$ Which of the options is better?

Question $3$ options:

$1)$

$$10,000$ today

$2)$

$$13,000$ in four years

$3)$

Both options have the same value

$4)$

None of the options is value maximizing.