15

Fizzle Corp. must pay $21,500 one year from today; $36,500 two years from today; $47,500 three years from today; $59,500 four years from today; and $65,200 five years from today to settle a liability. At an interest rate of 5.25%, what is the present value of these future cash flow payments?

Select one:

a. $186,822.39

b. $193,087.05

c. $201,026.48

d. $219,581.94