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4. The Shawness Company must pay $5,500 one year from today; $6,500 two years from today; $7,500 three years from today; $9,500 four years from

4.

The Shawness Company must pay $5,500 one year from today; $6,500 two years from today; $7,500 three years from today; $9,500 four years from today; and $15,000 five years from today to settle a liability. At an interest rate of 5.5%, what is the present value of these future cash flow payments?

Select one:

a. $27,825.38

b. $33,528.47

c. $36,585.89

d. $39,425.84

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