A 10-year investment will pay $1,800 at the end of this year, and the payments will grow at a rate of 5% per

A 10-year investment will pay $1,800 at the end of this year, and the payments will grow at a rate of 5% per year. The required return is 12%. What is the present value of this investment?
Select one:
a. $5,590.53
b. $6,985.47
c. $10,170.40
d. $12,228.16
e. $25,714.29