A project will generate $4,000 in 1 year, $5,000 in 2 years, and $7,000 in 3 years. After year 3, the amount will grow at 4% per year forever (so in year 4, the project generates $7,280). The annual rate for discounting is 12%. What is the present value of these cash flows? Group of answer choices
59,772
60,425
69,801
77,312
80,115
none of the above
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