Your truck has a market value of $60,000. You can sell it to your brother who agreed

Question:

Your truck has a market value of $60,000. You can sell it to your brother who agreed to buy it now and pay $75,000 three years from now, or you can sell it to your cousin who agreed to pay you $65,000 at the end of the year. To whom should you sell the truck if your is 8 percent?

Cost Of Capital
Cost of capital refers to the opportunity cost of making a specific investment . Cost of capital (COC) is the rate of return that a firm must earn on its project investments to maintain its market value and attract funds. COC is the required rate of...