a. Adams Partners is looking at an investment that will pay Adams Partners $3,000 each year for 4 years. How much should the company pay for this annuity today, in order to earn a rate of return of 8.00%? 0 2 3 4. 5 Investment in time period 0: | $3,000 $3,000 $3,000 $3,000 PRESENT VALUE OF $1.00 Periods 4% 5% .9615 .9524 .9246 .9070 .8890 .8638 .8548 .8227 .8219 .7835 a A WN- 6% .9434 .8900 .8396 .7921 .7473 8% .9259 .8573 .7938 .7350 .6806 10% .9091 .8264 7513 .6830 .6209 12% .8929 .7972 7118 .6355 .5674 PRESENT VALUE OF A SERIES OF $1.00 CASH FLOWS 4% 5% 6% 8% 10% 12% 9615 9524 .9434 .9434 .9259 .9259 .9091 .8929 1.8861 1.8594 1.8334_1.7833 1.6901 2.7751 2.7232 2.6730 2.5771 2.4869 2.4018 3.6299 3.5460 3.4651 3.3121 3.1699 4.4518 4.3295 4.2124 3.9927 3.7908 3.6048