John has received a college scholarship and can choose whetherto receive it as an immediate one-time payment of $10000 or as aseries of four equal payments (at the end of each year), eachtotaling $3000. Assume that John has a discount rate of 10%. Onlyconsidering TVM principles, which option is most valuable toJohn?
A. There is not enough information to determine the answer.
B. Series of four payments of $3000 each.
C. Immediate payment of $10000.
D. Both scenarios are equal.
