QUESTION $24$

At a rate of $6\%,$ what is the present value of a $5-$year investment that requires cash flows of $$75$ at the end of year $1,$$$120$ at the end of year $3,$$$300$ at the end of year $4,$ and $$350$ at the end year $5?$ No cash flows are expected at the end of year $2.$

a$.$ $$1,147\mathrm{.}72$

b$.$ $$710\mathrm{.}92$

c$.$ $$670\mathrm{.}68$

d$.$ $$632\mathrm{.}71$