At the End of the Next Four Years,a New Machine

Multiple Choice

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 cash flows worth today if a 3% interest rate properly reflects the time value of money in this situation?

A) $41,557.
B) $47,700.
C) $32,403.
D) $38,108.