Time value comparisons of single amounts Personal Finance Problem In exchange for a $23,000 payment today, a well-known company will allow you to choose one of the alternatives shown in the following table: Your opportunity cost is 9%. a. Find the value today of each alternative. b. Are all the alternatives acceptable-that is, worth at least $23,000 today? c. Which alternative, if any, will you take? a. The present value of Alternative A is $ (Round to the nearest cent.) The present value of Alternative B is $ (Round to the nearest cent.) The present value of Alternative C is $. (Round to the nearest cent.) b. Are all the alternatives acceptable-that is, worth at least $23,000 today? (Select the best answer below.) Yes No c. Which alternative, if any, will you take? (Select the best answer below.) A. Alternative B B. Alternative A C. None D. Alternative C \begin{tabular}{cl} \hline Alternative & Single amount \\ \hline A & $20,000 at the end of 3 years \\ B & $48,500 at the end of 9 years \\ C & $162,500 at the end of 20 years \\ \hline \end{tabular}