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Question 8 3.25 pts Starting five years from today, you will require annual cash flows of $3,100 for a period of eleven consecutive years, i.e.,

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Question 8 3.25 pts Starting five years from today, you will require annual cash flows of $3,100 for a period of eleven consecutive years, i.e., the first $3,100 cash flow occurs in Year 5 and the last occurs in Year 15. If the appropriate discount rate is 9 percent, what is value of the stream of cash flows today? $16,529.72 $14,945.00 $18,155.69 $29,049.10 $19,765.97

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