The Lpez Company has an opportunity to receive the following cash flows at the end of the next 5 years on an investment. If the

The López Company has an opportunity to receive the following cash flows at the end of the next 5 years on an investment. If the company has to earn at least 9% per year, compounded annually on its investment, what is the most the company should pay for this opportunity?

End of Year Cash Flows 

1 $45,000 

2 38,000 

3 26,000 

4 18,000 

5 12,000