At the end of each of the next four yis ars, a new machine is expected to generate net cash flows of $$10,500,$$$14,000,$$$12,000,$ and $$16,500,$ respectively. What are the cash flows worth today if a $8\%$ interest rate properly reflects the time value of money in this situation?

Note: Use tables, Excel, or a financial calculator. Round your final answer to the nearest whole dollar. $($FV of $$1,$ PV of $$1,$ FVA of $$1,$ and PVA of $$1).$

Multiple Choice

$$44,579$

$$43,379$

$$31,251$