1. You are offered an investment opportunity that will provide the following stream of annual cash flows: End Cash of Flow Year 1 $12,000 2 $12,000 $10,500 3 4 $14,000 5 $17,000 If the discount rate is 12.5%, what is the present value of the investment? a. $37,451.83 b. $43,965.52 O c $45.696.56 d. $53.716.41