Pam is in need of cash right now and wants to sell the rights to a $1,000 cash flow that she will receive 5 years from today. if the discount rate for such a cash flow is 9.5%, then what is the fair p

Pam is in need of cash right now and wants to sell the rights to a $1,000 cash flow that she will receive 5 years from today. if the discount rate for such a cash flow is 9.5%, then what is the fair price that someone should be willing to pay pam today for rights to that future cash flow?

a. $913.24

b. $1,574.24

c. $260.44

d. $635.23