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A young software genius is selling the rights to a new video game he has developed. Three companies have offered him contracts. The first contract

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A young software genius is selling the rights to a new video game he has developed. Three companies have offered him contracts. The first contract offers payments of $40,000 at the end of each year for the next 10 years. The second contract offers $30,000 at the end of each year for 5 years, and then $50,000 per year for the following 5 years. The third contract offers 10 payments, starting with $20,000 at the end of the first year, $25,000 at the end of the second, and so forth, increasing by $5,000 each year (i.e., the tenth payment will be $20,000 + (9x$5,000)). Assume the genius uses a MARR of 7%. Based on the Present Worth, which of the following order is true? PW(Contract1) > PW(Contract2) > PW(Contract3) PW(Contract1) > PW(Contract3) > PW(Contract2) PW(Contract2) > PW(Contract3) > PW(Contract1) PW(Contract3) > PW(Contract2) > PW(Contract1) PW(Contract2) > PW(Contract1) > PW(Contract3)

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