Assume that you will receive $3,000 a year in years 1 through 5,$4,000 a year in years 6 through 8 , and $5,000 in year 9 with all cash flows to be received at the ends of the years. If the WACC is 15%, then what is the present value of these cash flows if no cash is exchanged at present time? $6,968$11,247$11,714$16,018$19,669