Budvar-brewery company expects to receive the following cash flows: $1,300, $1,700, $1,900, $2,700 at the end of years 8, 9, 10, 11. If the interest rate is 15% per annum, compounded annually, the total present value of these cash flows is:
A. $2,122.37
B. $1,984.01
C. $2,021.09
D. $1,958.22
E. $2,080.78