Question: Afriend provided computer services for a neighbor. The payment agreed to was $8.500 upon completion. Today, instead of paying upon completion, the neighbor explained a

Afriend provided computer services for a neighbor. The payment agreed to was $8.500 upon completion. Today, instead of paying upon completion, the neighbor explained a cash flow crunch and offered the following 3-year payment planc Year 1 is $4,000, Year 2 is $3,000 Year 3 is $2.000, and Year 4 is $1,000. Your friend asked for help to evaluate this payment plan You believe an appropriate opportunity cost is 8% and quickly calculate NPV to evaluate Accept or Reject as: Accept becue NPV greater than $8.500

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