margaret has an investment opportunity where she can receive cashflows as follows

1) $1,000 end of years 1&2

2) $1,100 end of years 3&4

3) $1,200 end of years 5 to perpetuity

4) $1,400 end of years 8 to perpetuity

if you require a return of 12% how much should you be willing tonpay for this investment today?

a. $16,942

b. $25,867

c. $39,167

d. $40,167

e. $15,466

f. $14,805