Suzanne has identified a project with the following cash flows. What is the present value of the cash flows at time 0 if the interest rate is 9%?

Year	Cash Flow
1	$2,000
2	$650
3	$375
4	$1,200

A.

$3,521.63

B.

$3,488.90

C.

$3,838.58

D.

$3,230.86

E.

$4,225.00