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Summer Inc. wants to upgrade their computer system. They estimate the following CFs over the next 4 years: Year 1 : $ 1 , 0

Summer Inc. wants to upgrade their computer system. They estimate the following CFs over the next 4 years:
Year 1: $1,000; Year 2: $1,800; Year 3: $2,400; Year 4: $3,000.
If they want 7% return on their investment, how much should they pay for the upgrade now?
$8,854
$7,211
$6,755
$5,762
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