Question 3 (15 points): A General Contractor (GC) obtained bids from three local subcontractors for an excavation job. Given that GC uses 10% per year interest rate, compounded monthly, which subcontractor should GC select? Each subcontractor quoted the following prices and terms of payment: Subcontractor Price A $75,000 $68,000 Payment Schedule 50% payable now 50% payable in 1 year 100% payable now 25% payable now 75% payable in 1 year $70,000 Question 3 (15 points): A General Contractor (GC) obtained bids from three local subcontractors for an excavation job. Given that GC uses 10% per year interest rate, compounded monthly, which subcontractor should GC select? Each subcontractor quoted the following prices and terms of payment: Subcontractor Price A $75,000 $68,000 Payment Schedule 50% payable now 50% payable in 1 year 100% payable now 25% payable now 75% payable in 1 year $70,000