Mailee will pay out $27,000 at the end of year 2, $29,000 at the end of year 3, and receive $31,000 at the end of year 4. With an interest rate of 10 percent, what is the net value of the payments vs. receipts in todays dollars? Use appendix B.

Multiple choice

A. ($26,122)

B. ($44,081)

C. ($65,254)

D. ($22,908)