Consider the following cash flow: Year Cash Flow 1 $1000 2 $850 3 $700 4 $550 5 $400 6 $400 7 $400 8 $400 Which of the equations below is correct to compute the present value of the cash flows at 8% interest? A. P= 1000(P/A, 1, 8) 150(P/G, i, 8) + 150(P/G, i, 4)(P/F, 1, 4) B. P = 400(P/A, 1, 8) + 600(P/A, i, 5) 150(P/G, i, 4) C. P= 150(P/G, i, 4) + 850(P/A, i, 4) + 400(P/A, i, 4)(P/F, i, 4)