You Are Considering a Project with the Following Cash Flows

You are considering a project with the following cash flows: $\begin{array} { | l | l | l | } \hline \text { Year 1 } & \text { Year 2 } & \text { Year 3 } \\\hline £ 5,600 & £ 9,000 & £ 2,000 \\\hline\end{array}$
What is the present value of these cash flows, given an 11% discount rate?

A) £8,695.61
B) £8,700.89
C) £13,732.41
D) £13,812.03
E) £19,928.16