Year/cash flow 0/1/2202/3503/1304/ What is the present value (as at year 0) of the following cash flows, given an interest rate of 5% p.a.?

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What is the present value (as at year 0) of the following cash flows, given an interest rate of 5% p.a.?

Select one:

a. $667

b. $777

c. $639

d. $631