You are valuing an investment that will pay you $$26,000$ per year for the first $9$ years,

$$34,000$ per year for the next $11$ years, and $$47,000$ per year the following $14$ years $($all

payments are at the end of each year$).$

Another similar risk investment alternative is an account with a quoted annual interest rate of

$9\mathrm{.}00\%$ with monthly compounding of interest.

Required:

Calculate the value in today's dollars of the set of cash flows you have been offered i$.$e$.$ for each investment alternative, and decide which option is more profitable.