In 5 years, what will be the value of the following stream of cash flows if you can earn 10% compounded quarterly: year 1 - $12,000 year 2 - $9,000 year 4 - $13,500 year 5 - $8,000

a) $51,945.67

b) $52,819.54

c) $53,019.38

d) $52,398.20