Below is a table for the present value of $1 at Compound interest.

Year	6%	10%	12%
1	0.943	0.909	0.893
2	0.890	0.826	0.797
3	0.840	0.751	0.712
4	0.792	0.683	0.636
5	0.747	0.621	0.567

Below is a table for the present value of an annuity of $1 at compound interest.

Year	6%	10%	12%
1	0.943	0.909	0.893
2	1.833	1.736	1.690
3	2.673	2.487	2.402
4	3.465	3.170	3.037
5	4.212	3.791	3.605

Using the tables above, if an investment is made now for $24,300 that will generate a cash inflow of $8,100 a year for the next 4 years, what would be the net present value (rounded to the nearest dollar) of the investment, assuming an earnings rate of 10%?

a.$8,100

b.$24,300

c.$25,677

**Please explain the answer and show how you got the answer- Thank you.

d.$1,377

Below is a table for the present value of $1 at Compound interest. Year 6% 10% 12% 1 0.943 0.909 2 0.890 0.893 0.797 0.712 3 0.826 0.751 0.683 0.840 4 0.792 0.747 0.636 0.567 5 0.621 Below is a table for the present value of an annuity of $1 at compound interest. Year 6% 12% 10% 0.909 1 0.943 2 1.833 1.736 2.487 0.893 1.690 2.402 3 2.673 4 3.465 3.170 3.037 3.605 5 4.212 3.791 Using the tables above, if an investment is made now for $24,300 that will generate a cash inflow of $8,100 a year for the next 4 years, what would be the net present value (rounded to the nearest dollar) of the investment, assuming an earnings rate of 10%? a. $8,100 b. $24,300 c. $25,677 d. $1,377