PRESENT VALUE. The expected cash flows from a 4-year investment is shown below. If r = 10%, calculate the PV of the investment. Hint: draw a timeline so you can visualize the placement of the cash flows.

Year	CF
0
1	3,500
2	5,500
3	7,500
4	9,500

		$19,850.76
		$22,924.35
		$25,424.35
		None of the above