c only. Please handwrite

3. [20 points] Determine the present value of following cash flows. Assume that the appropriate annual discount rate is 6%. (a) Payments of $2,000 in two years, $4,000 in four years, $6,000 in six years, and $8,000 in eight years. (b) Quarterly payments of $2,000 paid each quarter for 5 years, with the first payment starting one quarter from now (i.e., starting at the end of the first quarter). (c) Annual cash flows that grow up by 4% each year indefinitely with the first payment of $3,000 arriving 10 years from today Ki.e., starting at the end of Year 10). (d) Annual payments of $9,000 paid indefinitely, with the payment starting today