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What is the present value of the following cash flow stream at an interest rate of 1 1 % per year: $ 0 at Time

What is the present value of the following cash flow stream at an interest rate of 11% per year: $0 at Time 0;$1,400 at
the end of Year 1; $2,900 at the end of Year 2; $4,600 at the end of Year 3; and $6,100 at the end of Year 4?
a. $11,024.34
b. $10,996.71
c. $11,548.55
d. $10,809.64
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