1- Apple Corporation makes an investment of $50,000 that yields the following cash flows: Year Cash Flow 1 $ 11,000.00 $ 12,000.00 $18,000.00 $19,000.00 2 3456 $ 22,000.00 $ 25,000.00 What is the present value with a 8 percent discount rate (cost of capital)? O a. $19,710.87 O b. $29,454.87 O c. $39,354.87 O d. $19,454.87 O e. $28,353.87

What is the present value with a 8 percent discount rate (cost of capital)? a. $19,710.87 b. $29,454.87 c. $39,354.87 d. $19,454.87 e. $28,353.87