Exercise 26.4 Discounting Cash Flows (LO26-3) Using the tables in Exhibits 26-3 and 26-4, determine the present value of the following cash flows, discounted at an annual rate of 15 percent. (Round "PV factors" to 3 decimal places. Do not round intermediate calculations and round your final answers to the nearest whole dollar amount.) a. $7,500 to be received 20 years from today. b. $12,000 to be received annually for 10 years. c. $5,700 to be received annually for five years, with an additional $12,000 salvage value expected at the end of the fifth year. d. $29,000 to be received annually for the first three years, followed by $20,000 received annually for the next two years (total of five years in which cash is received). Present Value Transaction a Transaction b Transactionc Transaction d