9. What should Nicole be willing to pay today for a project with expected cash flows of $300 from t=1 through t=5, $550 from t=6 through t=15, $700 from t=16 through t=20, and $1,000 at t=21? Assume a cost of capital (discount rate) of ten (10) percent.

Group of answer choices

A. $3951.39

B. $4130.50

C. $4006.02

D. $3915.48

E. $3851.80