What is the value of a building that is expected to generate fixed annual cash flows of $2,629.00 every year for a certain amount of time if the first annual cash flow is expected in 2 years and the last annual cash flow is expected in 8 years and the appropriate discount rate is 16.80 percent?

$8880.03 (plus or minus $10)

$7602.77 (plus or minus $10)

$8121.02 (plus or minus $10)

$6952.93 (plus or minus $10)

None of the above is within $10 of the correct answer