Assume that an investment provides the following cash inflows over a three$-$year period:

Click here to view Exhibit $12$B$-1$ and Exhibit $12$B$-2,$ to determine the appropriate discount factor$($s$)$ using the tables provided.

Assuming a discount rate of $12\%,$ what is the present value of these cash inflows?

Multiple Choice

$$13,434$

$$12,634$

$$11,734$

$$13,034$