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What is the value of a building that is expected to generate fixed annual cash flows of $2,738.00 every year for a certain amount of

What is the value of a building that is expected to generate fixed annual cash flows of $2,738.00 every year for a certain amount of time if the first annual cash flow is expected in 6 years and the last annual cash flow is expected in 13 years and the appropriate discount rate is 11.90 percent?

$7779.51 (plus or minus $10)

$7144.70 (plus or minus $10)

$6952.19 (plus or minus $10)

$6384.90 (plus or minus $10)

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

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