Sam was injured in an accident, and the insurance company has offered him the choice of $49,000 per year for 15 years, with the first payment being today, or a lump sum. If a fair return is 7.5%, how large must the lump sum be to leave him as well off as with the annuity?
A. $437, 070.42B. $576, 560.98C. $506, 815.70D. $427, 771.05E. $464, 968.53