You have been offered a unique investment opportunity. If you
invest $20,000 today, you will receive $1,000 one year from now,
$3,000 two years from now, and $20,000 ten years from now.
(a) The NPV of the opportunity if the interest rate is 10% per
year is $Answer
. (Round to the nearest dollar.)
Should you take the opportunity
Reject it because the NPV is less than 0.
Take it because the NPV is equal or greater than 0.
(b)...