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Suppose your firm will receive a payment of 11000 today, followed by the same amount after year one, and 12000 in the second year. For

Suppose your firm will receive a payment of 11000 today, followed by the same amount after year one, and 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? (must show the detailed calculation process. If need, don't use excel, show draft Otherwise, marks will be deducted)

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