You are going to inherit €200,000

You are going to inherit €200,000

You are going to inherit €200,000 fifteen years from today. However, you need funds today. If the discount rate associated with that cash flow is 16% then what is the smallest amount that would you be willing to accept today in order to forgo the receipt of the cash in fifteen years?

A) €200,000.00 B) €152,000.00 C) €21,585.40 D) €18,608.11