You have been oered an investment that will cost you $4,500 today. After ve years you will receive $3,000 and after eight years you will receive $5,000. What is the net present value of this investment, if your opportunity cost of capital is 5.5% p.a.?

(a) $8,000. (b) $3,500. (c) $5,553 (d) $1,053