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You are considering a project with the following cash flows: Year 1 Year 2 Year 3 $1,200 $1,800 $2,900 What is the present value of

You are considering a project with the following cash flows:

Year 1 Year 2 Year 3

$1,200 $1,800 $2,900

What is the present value of these cash flows, given a 8 percent discount rate?

$4,713.62

$4,855.27

$4,956.43

$5,292.25

$6,853.61

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