A company expects to generate cash revenues of $20,000 over the next five years. Calculate the present value of the earnings using the table below if there is a 10% interest rate. Present Value of an Annuity of $1 at Compound Interest Year 10% 12% 15% 1 0.909 0.893 0.870 2 1.736 1.690 1.626 3 2.487 2.402 2.283 4 3.170 3.037 2.855 5 3.791 3.605 3.353 6 4.355 4.111 3.785 7 4.868 4.564 4.160 8 5.335 4.968 4.487 9 5.759 5.328 4.772 10 6.145 5.650 5.019