Assume ABC Corp. will earn $550 this year, $500 one year from now, $600 two years from now, $800 three years from now, $800 four years from now, and $1,000 five years from now. Assuming the interest rate of 15.4% and that it will compound annually, what will be the total present value of ABC Corp.s earnings?

Group of answer choices

$2,957.28

$2,897.94

$2,894.10

$2,906.53