An investment is expected to yield $300 in three years, $500 in five years, and $300 in seven years. What is the present value of this investment if our opportunity rate is 5%?
a) $1,038.25 (uneven cash flow)
b) $1,152.70 (uneven cash flow)
c) $1,215.47 (uneven cash flow)
d) $1,284.19 (uneven cash flow)