The following equation calculates the PV of a specific set of future payments or cash flows. What are the cash flows? Choose the answer that most accurately describes the the timing of the cash payment or payments (i.e., what you would get and when).

$25 O A. $25 to be received once, in one period O B. $25 every period for three periods, beginning in one period O c. $25 every period for forever, beginning in three periods OD. $25 to be received once, three periods from now