Madison Inc. is considering the purchase of an investment that would pay $$5,000$ per year for Years $1-5,$ $$3,000$ per year for Years $6-8,$ and $$1,000$ per year for Years $9$ and $10.$ If Madison Inc. requires a $14$ percent rate of return, and the cash flows occur at the end of each year, then how much should the company be willing to pay for this investment? $($round to the nearest dollar$)$

Question $8$Answer

a$.$

$$52,816$

b$.$

$$24,246$

c$.$

$$28,444$

d$.$

$$21,360$

e$.$

$$29,681$