You have the opportunity to purchase mineral rights to a property in North Dakota with expected annual cash flows of $10,000 per year for eight years. If you discount these cash flows at a rate of 12% per year what are these cash flows worth today if the cash flows occur at the end of each period? 1) $55.637.57 O2) $122.996.93 3) $80,000.00 4) 549,676.40