You are thinking about selling your large collection of fine wines, but you expect that the value of your collection will increase over the next several years. Today, your collection is worth $70,000, but you expect that to rise to $104,000 in 2 years, $132,000 in 4 years, and $150,000 in 6 years. If you assume your cost of capital to be 10%, when should you sell your collection if your goal is to maximize its NPV? (Refer to the tables in the back of your textbook to determine the present value of $1 received at the end of 'n' periods.)

Select one:

a. Today

b. 4 years

c. 6 years

d. 2 years