Determine the present value equivalent of a geometric sequence of annual cash flows starting at P 1,254 at the end of the 3rd year, and increasing at 5% every year up to the 25th year. Interest of rncneg.r is 12%. Select one: 0 a. P 10,562 0 b. P 11,044 0 c. P 9,736 0 ti. P 8,807