George has offered to give you $10,000 today or $3,000 per year for the next five years.If the cost of capital is 10%, Harvey should _____.
A) choose $10,000 today
B) choose $3,000 for five years
C) choose either because the results will be the same
D) do nothing.Harvey cannot make a decision with the above information.
Correct Answer:
Verified
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