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You are evaluating an investment that promises a series of varying annual payouts over the next five years. Specifically, the investment will yield $ 2

You are evaluating an investment that promises a series of varying annual payouts over the next five years. Specifically, the investment will yield $200 at the end of the first
year, $200 at the end of the second year, $300 at the end of the third year, $400 at the end of the fourth year, and then a final payout of $600 at the end of the fifth year.
Given the current market conditions, you can expect an annual return of 8.5% on investments carrying a similar risk profile. What is the present value of this investment
opportunity, i.e., the total present value of the series of payments you will receive?
A. $1,318.06
B. $1,297.16
C. $1,276.75
D. $1,256.81
E. $1,237.31
F. $1,218.26
G. $1,199.63
H. $1,181.43
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