The Answer $13,283 is incorrect.

Present and future value tables of $1 at 9% are presented below PV of $1 FV of $1 PVA of $1 |FVAD of $1|FVA of $1 1 0.917431.090000.91743 2 0.84168 1.18810 3 0.77218 1.295032.53129 4 0.70843 1.41158 3.23972 5 0.649931.53862 3.88965 6 0.59627 1.67710 1.0900 2.2781 3.5731 4.9847 6.5233 8.2004 1.0000 2.0900 3.2781 4.5731 5.9847 7.5233 .75911 4.48592 Mustard's Inc. sold the rights to use one of its patented processes that will result in cash receipts of $4,100 at the end of each of the next four years and a lump sum receipt of $5,600 at the end of the fifth year. The total present value of these payments if interest is at 9% is