The net present value of $10,000 to be received in exactly three years is considerably greater than $10,000.

The net present value (NPV) of future cash flows is calculated by discounting them back to their present value using a discount rate that reflects the time value of money and the risk involved. Therefore, the NPV of $10,000 to be received in three years would be less than $10,000, as its value is reduced by the discounting process.