QUESTION $16$

You are evaluating an investment that promises a series of varying annual payouts over the next five years. Specifically, the investment will yield $$200$ at the end of the first year, $$200$

at the end of the second year, $$300$ at the end of the third year, $$400$ at the end of the fourth year, and then a final payout of $$600$ at the end of the fifth year. Given the current

market conditions, you can expect an annual return of $11\mathrm{.}0\%$ on investments carrying a similar risk profile. What is the present value of this investment opportunity, i$.$e$.,$ the total

present value of the series of payments you will receive?

A$.$ $$1,318\mathrm{.}06$

B$.$ $$1,297\mathrm{.}16$

C$.$ $$1,276\mathrm{.}75$

D$.$ $$1,256\mathrm{.}81$

E$.$ $$1,237\mathrm{.}31$

F$.$ $$1,218\mathrm{.}26$

G$.$ $$1,199\mathrm{.}63$

H$.$ $$1,181\mathrm{.}43$