11- Ambrin Corp. expects to receive $5,000 per year for 13 years and $6,500 per year for the next 13 years. What is the present value of this 26 year cash flow? Use an 9% discount rate. UseAppendix DandAppendix Bto calculate the answer. (Round your intermediate calculations to the nearest dollar value.)

• $53,300
• $86,101
• none of these
• $64,531

Appendix D Present value of an annuity of $1, PV FA PVA = A (1+ 1) Percent Period 1% 2% 3% 4% 5% 6% 7% 8% 9% 11% 12% 0.990 0.980 0.962 0.952 0.943 0.935 0.926 0.917 0.909 0.893 1.970 1.942 1.886 1.859 1.833 1.808 1.783 1.759 1.736 1.713 1.690 2.941 2.884 2.829 2.775 2.723 2.673 2.624 2.577 2.487 2.444 2.402 3.902 3.808 3.717 3.630 3.546 3.465 3.387 3.312 3.240 3.170 3.102 3.037 5 4.853 4.713 4.580 4.452 4.329 4.212 4.100 3.993 3.696 5.795 5.601 5.417 5.242 5.076 4.917 4.767 4.623 4.486 4.355 4.231 4.111 6.728 6.472 6.230 6.002 5.786 5.582 5.206 5.033 4.868 4.712 4.564 7.652 7.325 7.020 6.733 6.463 6.210 5.971 5.535 5.335 5.146 4.968 9 8.566 8.162 7.786 7.435 7.108 6.802 6.515 5.759 5.537 5.328 10 9.471 8.983 8.530 8.11 1 7.722 7.360 7.024 6.710 6.418 6.145 5.889 5.650 10.368 9.787 9.253 8.760 8.306 7.887 7.499 7.139 6.805 6.495 6.207 5.938 1 1.255 10.575 9.954 9.385 8.863 8.384 7.943 7.536 6.8 14 6.492 6.194 13 12.134 11.348 10.635 9.986 9.394 8.853 8.358 7.904 7.487 7.103 6.750 6.424 14 13.004 12.106 1 1.296 10.563 9.899 9.295 8.745 8.244 7.786 7.367 6.982 6.628 15 mmmmmm 13.865 12.849 1 1.938 1 1. 1 18 10.380 9.712 8.559 7.606 7.191 6.811 16 14.7 18 13.578 12.561 1 1.652 10.838 10. 106 9.447 8.851 8.313 7.824 7.379 6.974 17 15.562 14.292 13.166 12.166 11.274 10.477 9.763 9.122 8.022 7.549 7.120 16.398 14.992 13.754 12.659 11.690 10.828 10.059 9.372 8.756 8.201 7.702 7.250 17.226 15.678 13.134 12.085 11. 158 10.336 9.604 8.950 8.365 7.839 7.366 18.046 16.351 14.877 13.590 12.462 11.470 10.594 9.818 9.129 8.514 7.963 7.469 22.023 19.523 17.413 15.622 14.094 12.783 11.654 10.675 9.823 9.077 8.422 7.843 30 25.808 22.396 19.600 17.292 15.372 13.765 12.409 1 1.258 10.274 9.427 8.694 8.055 40 32.835 27.355 23.1 15 19.793 17.159 15.046 13.332 1 1.925 10.757 9.779 8.244 39.196 31.424 25.730 21.482 18.256 15.762 13.801 12.233 10.962 9.915 9.042 8.304Appendix D (concluded) Present value of an annuity of $1 Percent Period 13% 14% 15% 16% 17% 18% 19% 25% 30% 35% 40% 50% 0.885 0.877 0.870 0.862 0.855 0.840 0.769 0.741 0.667 1.668 1.647 1.605 1.585 1.547 1.528 1.440 1.361 1.1 11 2.361 2.322 2.283 2.246 2.2 10 2.174 2.140 2.106 1.952 1.696 1.589 1.407 2.974 2.914 2.855 2.798 2.690 2.639 2.589 2.362 2.166 1.605 3.433 3.352 3.274 3.199 3.127 3.058 2.991 2.689 2.436 2.220 2.035 1.737 3.998 3.889 3.784 3.685 3.589 3.498 3.4 10 3.326 2.951 2.643 2.385 2. 168 1.824 4.423 4.288 4.160 4.039 3.922 3.8 12 3.706 3.605 3.161 2.802 2.508 2.263 1.883 4.799 4.639 4.487 4.344 4.207 4.078 3.954 3.837 3.329 2.925 2.598 2.331 1.922 9 5.132 4.946 4.772 4.607 4.451 4.303 4.031 3.463 3.019 2.665 2.379 1.948 10 5.426 5.2 16 5.019 4.659 4.494 4.339 4.192 3.571 3.092 2.715 2.414 1.965 5.687 5.453 5.234 5.029 4.836 4.656 4.327 3.656 2.752 2.438 1.977 5.918 5.660 5.421 4.988 4.611 4.439 3.725 3.190 2.779 1.985 13 6.122 5.842 5.583 5.342 5.1 18 4.910 4.715 4.533 3.780 3.223 2.469 1.990 14 6.302 6.002 5.468 5.229 5.008 4.611 3.824 2.814 2.478 1.993 15 6.462 6.142 5.847 5.575 5.324 5.092 4.876 4.675 3.859 3.268 2.825 2.484 16 6.604 6.265 5.954 5.668 5.405 5.162 4.938 3.887 3.283 2.834 2.489 1.997 17 6.373 6.047 5.749 5.475 5.222 4.988 4.775 3.910 3.295 2.840 2.492 1.998 18 mummum 6.840 6.467 6.128 5.8 18 5.534 5.273 5.033 4.812 3.928 3.304 2.844 2.494 19 6.938 6.550 6.198 5.877 5.584 5.070 3.31 1 2.496 1.999 20 7.025 6.623 6.259 5.929 5.628 5.353 5.101 4.870 3.954 3.316 2.850 2.497 1.999 25 7.330 6.873 6.464 6.097 5.766 5.467 5.195 4.948 3.985 3.329 2.856 2.000 30 7.496 7.003 5.5 17 5.235 4.979 3.332 2.000 7.634 7.105 6.642 6.233 5.871 5.548 5.258 4.997 3.999 3.333 2.857 2.500 2.000 7.675 7.133 6.661 5.880 5.554 5.262 4.999 4.000 3.333 2.857 2.500 2.000