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You are considering the purchase of an investment that would pay you R5,000 per year for Years 1-5, R3,000 per year for Years 6-8, and

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You are considering the purchase of an investment that would pay you R5,000 per year for Years 1-5, R3,000 per year for Years 6-8, and R2,000 per year for Years 9 and10. If you require a 14 percent rate of return, and the cash flows occur at the end of each year, then how much should you be willing to pay for this investment (NPV)? Select one: : a. R52,815.71 b. R38,000.00 C. R32,415.85 d. R15,819.27 e. R21,937.26

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