Capstone Investments Is Considering a Project That Will Produce Cash

Capstone Investments is considering a project that will produce cash inflows of $11,000 in year 1,$24,000 in year 2,and $36,000 in year 3.What is the present value of these cash inflows if the company assigns the project a discount rate of 12 percent?

A) $41,997.60
B) $46,564.28
C) $54,578.17
D) $54,868.15
E) $63,494.54