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Business, 22.01.2020 01:31 thechocolatblanc

Assume you win the lottery and have a choice to receive your winnings one of two ways. option 1: payments of $50,000 per year for each of the next 5 years option 2: a single payment of $200,000 immediatelywhich of the following statements is most correct? a option 1 is preferred over option 2.b option 2 is preferred over option 1.c option 1 and option 2 are equivalent. d the value of option 1 is greater than the value of option 2 because the total cash flow is greater. e there is not enough information to answer this question.

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