Time value comparisons of single amounts In exchange for a $23,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table. Your opportunity cost is 9%.

a. Find the value today of each alternative.

b. Are all the alternatives acceptable? That is, are they worth $23,000 today?

c. Which alternative, if any, will you take?

Alternative Single amount $28,500 at end of 3 years $54,000 at end of 9 years $160,000 at end of 20 years