Tt-1 D) Any of the above E) None of the above 14. What is the present value at year zero of the following cash flow at a discount rate of 10%? At year 3, you will receive $12,000 A) $9,015.78 B) $12,000 C) $9,917.36 D) None of the above 120oel (140.10) 12000110 Rate ofinteses0.10 -4 015.78 Please use the following information for question 15 to 18. You have bought a house today at the price of $500,000. In the next two years, you will get a rent of $50,000 each year. In year 3, you will sell the house at the price of $800,000. Suppose the discount rate (interest rate) is always 10% each year. 15. Please draw the cash flow diagram for the above problem. 16. Please calculate the present value for each piece of cash flow. 17. Please calculate the present value for all the cash flows. 18. Suppose that the price for selling the house in year 3 is unknown, but wo know the present value for all the cash flows is $200,000, what is the price for selling your house in year 3