Present Value of $1 Present Value of an Annuity of $1

Present value of $1 Present value of an Annuity of $1

Jan Rigby is considering an investment that will cost $20,000 initially, and return annual cash flows of $10,000 in each of three years.Jan requires a minimum rate of return of 8%.
-What is the present value of the cash inflows? (Note: there may be a rounding error depending on the table you use to compute your answer.Choose the answer closest to the one you calculate.)

A) $25,770
B) $20,000
C) $5,770
D) $45,770
E) $10,000