Consider a series of cash flows as follows: 750 received one year from now, 1,200 received three years from now, and 1,250 received six years from now. If the discount rate is 6%, to the nearest 0.01 what is the (i) present value of the cash flows and (ii) the future value in ten years of the cash flows?

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a

(i) 2,395.41 and (ii) 4,046.99

b

(i) 2,596.29 and (ii) 4,386.38

c

(i) 2,395.41 and (ii) 4,289.41

d

(i) 2,596.29 and (ii) 4,649.56

e

None of the above