Hezog corp has a project with the following cash flows. What is the value of the cash flows today assuming an annual interest rate of 8.8 percent?

year	cash flow
1	$1580
2	$1940
3	$2220
4	$2230

a) $6,406.23

b) $7,188.11

c) $5,694.43

d) $7,970.00