Avocado plants take two years to mature before they bear fruit. Peter Ip, an owner of an avocado farm, expects that it will produce $1000 in the third year, $1500 the year after, $2000 in the fifth year and $2500 per annum thereafter. Interest is 8% per annum compounded annually. (a)What is the year 5 discounted value of the constant cash flow stream beginning in the sixth year? (b)What is the present value of the whole cash flow stream? Group of answer choices (a) $26,777.78 and 20,188.33 (d) $31,250.00 and 24,525.77 (b) $26,300.00 and 20,010.80 (c) $27,777.78 and $21,183.33