Jenni's Diner Has Expected Net Annual Cash Flows of $16,200,$18,600,$19,100,and

Multiple Choice

Jenni's Diner has expected net annual cash flows of $16,200,$18,600,$19,100,and $19,500 for the next four years,respectively.At the end of the fourth year,the diner is expected to be worth $57,900 cash.What is the present value of the diner at a discount rate of 11.6 percent?

A) $93,090.25
B) $87,492.16
C) $101,016.38
D) $104,998.02
E) $98,411.20