8. An investor is considering a business opportunity with the following predicted cash flows in each year (i.e., the cash flows are annual for five years).

Year: 1 2 3 4 5

PredictedCashFlow: 4500 6500 x 8500 7500

The investor could earn 8% compounded quarterly on an investment of similar risk. If the investor is willing to pay $26,000 today for this business opportunity, what is her expected cash flow at the end of Year 2 (to the nearest dollar).