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Find the net present value (NPV) of the following cash flows when the discount rate is 4% pa: $7,000 in 1 year (t=1); $6,000 in

Find the net present value (NPV) of the following cash flows when the discount rate is 4% pa:

$7,000 in 1 year (t=1);

$6,000 in 2 years (t=2); and

$8,000 in 3 years (t=3).

The net present value of these payments is:

Select one: a. $19,390.0774 b. $19,415.6805 c. $19,425.6373 d. $20,192.3077 e. $21,840

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