Assume that you are looking at a 50-payment cash flow (Years 1-50), where the payments are growing at a constant rate of 5 percent each year. The amount of the payment in any future year (t), can be defined as: PMTt=($1,000)(1.05)t Therefore, the payment in Year 1 will be $1,050, the payment in Year 2 will be $1,102.50, etc., all the way up to the Payment in Year 50 of $11,467.40. Assuming that the correct discount rate to use is 12 percent, determine the value of these cash flows, evaluated at Year 0. $17,295.18 $16,385.39 $13,859.24 $15,782.93 $14,404.81