You are offered an investment that will make three payments. The first payment of $4,800 will occur four years from today. The second of $5,900 will occur in five years, and the third of $7,000 will follow in seven years. If you can earn 11.1% percent, what is the most this investment is worth today?

$10,592.54

$14,643.70

$15,001.95

$13,975.22

$9,986.60