Ying Limited acquires the net assets of Yang Limited for a cash consideration of $50 000. One half is to be paid on acquisition date and one half is payable in one years time. The appropriate discount rate is 5% p.a. The present value of the cash outflow in one years time is:

a)		$23,810
b)		$26,190
c)		$25,000
d)		$47,619