Your crazy aunt's will gave you five possible bequests. Assume that your discount rate is 10.5% (annual compounding), Which choice has the greatest present value? A lump sum payment of $25,000 at the end of 10 years. A perpetual stream of annual payments of $1,000 starting in one year. A perpetual stream of annual payments starting at $500 in one year and increasing at 5% per year thereafter. A lump sum payment of $10,000 today. Five annual payments of $2,800 - the first payment occurs one year from today