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Suppose your firm will receive a payment of 11000 after one year, followed by 12000 in the second year. For both third and fourth year,

Suppose your firm will receive a payment of 11000 after one year, followed by 12000 in the second year. For both third and fourth year, your firms payment will increase by 2000 from its previous years payment. In final year, your firm will receive 15000. The relevant discount rate is at 8%. Now, calculate how much is the present value of this stream of cash flow?(You must show the detailed calculation process. Otherwise, marks will be deducted)

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