Answer:
b. $27,949
Step-by-step explanation:
The computation of the present value is presented below
Year Amount DF factor @ 11% Present value
1 $10,000 0.90909 $9,090.91
2 $11,000 0.82645 $9,090.85
3 $13,000 0.75131 $9,767.03
Total $27,948.79
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