Assume that you will receive $2,000 a year in Years 1 through 5, $3,000 a year in Years 6 through 8, and $4,000 in Year 9, with all cash flows to be received at the end of the year.  If you require a 14 percent rate of return, what is the present value of these cash flows?

a). $ 9,851
b). $13,250
c). $11,714
d). $15,129
e). $17,353