You have just learned that you are a beneficiary in the will of your late Aunt Susan. The executrix of her estate has given you three options as to how you may receive your inheritance:
a. You may receive $50,000 immediately.
b. You may receive $75,000 at the end of six years.
c. You may receive $12,000 at the end of each year for six years (a total of $72,000).
If you can invest money at a 12% return, which option would you prefer?