Present and Future Value Tables of $1 at 3% Are

Multiple Choice

Present and future value tables of $1 at 3% are presented below:

-At the end of the next four years, a new machine is expected to generate net cash flows of $8,000, $12,000, $10,000, and $15,000, respectively. What are the (rounded) cash flows worth today if a 3% interest rate properly reflects the time value of money in this situation?

A) $41,556.
B) $39,982.
C) $32,400.
D) $38,100.