The minimum amount that you will accept today if you are to select the lump sum offer is $11,324.66.
<h3>What is the present value of the cash flows?</h3>
The minimum amount that you will accept today if you are to select the lump sum offer is known as the present value of the cash flows. Present value is the sum of discounted cash flows. 
Present value  = ($4000 / 1.097) +  ($4500 / 1.097²) +  ($5200 / 1.097³) = $11,324.66
To learn more about present value, please check: brainly.com/question/26537392
 
        
             
        
        
        
Answer:
B
Explanation:
Asymmetric information is an instance of market failure.
It is when one party to a transaction possesses greater information or knowledge than the other party. e.g. when a seller possesses greater information than the buyer or when a buyer possesses greater information than the seller.
Individuals know when they have a more healthy lifestyle while their insurers might not be privy to such information due to privacy laws
 
        
             
        
        
        
Answer:
Pedestrian : A person who walks on foot rather than in vehicles.