Chester Inc. will launch a new project. This project will generate a 9-year annuity of eighteen $5000 semi-annual cash inflows. The first cash flow will occur 4.5 years from now. The discount rate used to evaluate this project is 7% compounded semi-annually. What is the current value of these cash flows generated by the new project?

Question 25 options: $65,948.41

$54,285.75

$43,643.56

$41,465.85

$50,081.98