An entrepreneur wanted to sell washing machines with dryers in a tropical country. to his disappointment, he found that nobody wanted to buy these machines. he realized that the dry climate of the country contributed to his failure. people usually hung their washed clothes out in the sun to dry. the lack of was responsible for the failure of his product.

After hearing a knock at your front door, you are surprised to see the prize patrol from a large, well-known magazine subscription company. it has arrived with the good news that you are the big winner, having won $21 million. you have three options.(a) receive $1.05 million per year for the next 20 years.(b) have $8.25 million today.(c) have $2.25 million today and receive $750,000 for each of the next 20 years.your financial adviser tells you that it is reasonable to expect to earn 13 percent on investments.