please solve this problem without using Excel and show all steps.

Question No.3 (5 points) An investor pays 100,000 today for a 5-year investment that returns cash flows of 40,000 at the end of each years 1, 3 and 5. The cash flows can be reinvested at 5.0% per annum effective. Using an annual effective interest rate of 6%, calculate the net present value of this investment today. A. -824 B.-653 C.7 D. 653 E. 824