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The landlord offered a 3 -year lease with the rent payments as follows: $16,000 at the end of the first year, $24,000 at the end

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The landlord offered a 3 -year lease with the rent payments as follows: $16,000 at the end of the first year, $24,000 at the end of the second year, and $20,000 at the end of the third year. The present value of the rent payments over the life of the lease is: Selectone: a. $45,079 b. $60,000 c. $54,545 d. $49,406

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