The CFO of the company believes that an appropriate annual interest rate on this investment is 6.5%. What is the present value of this uneven cash flow stream, rounded to the nearest whole dollar?

A. $1,275,000

B. $1,775,000

C. $508,898

D. $600,000

Identify whether the situations described in the following table are examples of uneven cash flows or annuity payments:

Description	Uneven Cash Flows	Annuity Payments
Shania bought a new dress for her brothers wedding for $450. She negotiated a deal with the retailer in which she would pay for the dress in three installments of $250, $100, and $100 over the next three months.
You signed up to make a monthly payment of $10 for one year for a lifetime tosubscription to your favorite magazine.
British consols are British government bonds that promise to make payments of a specified amount at regular intervals to the bearer forever.
You receive interest earnings from variable deposits in a regular interest-bearing savings account.