Jiminez Company has two investment opportunities. Both investments cost $5,400 and will provide the following net cash flows:

Jiminez Company has two investment opportunities. Both investments cost $5,400 and will provide the following net cash flows:

YearInvestment A Investment B1 $3,700    $3,700  2  3,700     4,840  3  3,700     2,700  4  3,700     1,280  

What is the total present value of Investment A's cash flows assuming an 8% minimum rate of return? Use Appendix Table 2. (Do not round your intermediate calculations. Round your answer to the nearest whole dollar.)

a. $6,855.

b. $3,700.

c. $10,660.

d. $13,235.