Assume That You Will Receive $2,000 a Year in Years

Multiple Choice

Assume that you will receive $2,000 a year in Years 1 through 5, $3,000 a year in Years 6 through 8, and $4,000 in Y all cash flows to be received at the end of the year.If you require a 14 percent rate of return, what is the present val cash flows?

A) $9,851
B) $13,250
C) $11,714
D) $15,129
E) $17,353