Question 19 Cole's Consulting Consortium (CCC) has two clients requesting service, but they only have enough resources to fulfill one of the requests. Client 1 is willing to pay $65,000 for their services, but only when the services are completed exactly one year from today. Client 2 is willing to pay $72,000 for the services, but only when the services are completed, exactly one year from today. CCC's normal discount rate is 12%, but they believe there is a higher risk that Client 2 will not pay the contract, and therefore is applying a higher discount rate to that contract of 15%. Which contract has a higher present value? Client 1 with a present value of $58,035.71 Client 2 with a present value of $62,608.70 Both are equal 1 pts O Not enough information is given

Cole's Consulting Consortium (CCC) has two clients requesting service, but they only have enough resources to fulfill one of the requests. Client 1 is willing to pay $65,000 for their services, but only when the services are completed exactly one year from today. Client 2 is willing to pay $72,000 for the services, but only when the services are completed, exactly one year from today. CCC's normal discount rate is 12%, but they believe there is a higher risk that Client 2 will not pay the contract, and therefore is applying a higher discount rate to that contract of 15%. Which contract has a higher present value? Client 1 with a present value of $58,035.71 Client 2 with a present value of $62,608.70 Both are equal Not enough information is given